Kiharu MP Ndindi Nyoro sold 11.78 million shares or 36 percent of the shares he owned in Kenya Power between June and December 2023, cutting his directly held stake in the utility to 20.72 million units, the latest regulatory filings seen by the Business Daily show.
Mr Nyoro’s present stake of 1.06 percent in the utility is now worth Sh29 million, going by Kenya Power’s closing price of Sh1.40 per share on Monday. The value of the shares ceded by the MP in the half-year period stands at Sh16.5 million, at the current price.
