Kiharu Member of Parliament Ndindi Nyoro, is a wealthy politician and businessman who has built his businesses from scratch, having risen from a hawker.

The vocal legislator owns several companies, which he claims he owned before his election into the National Assembly.

According to a report in the Daily Nation Newspaper, Nyoro’s entrepreneurship began in 1997 while in Primary School, when he established a kiosk outside his home.

Even though his father supported the move at first, he later demolished the structure and advised Nyoro to focus on his studies.

“My dad bought the whole stock and ordered me to demolish it and instead concentrate on my studies,” he said.

He continued with the spirit while at Kiambugi High School where he would purchase sweets and sell them to fellow students, earning a 50 percent profit. He further pursued Business Studies, laying the foundation for who he is today.

After High School, Nyoro joined Kenyatta University, taking a bachelor’s degree course in economics. The businessman said he chose the course because he felt it would help him expand his business-oriented mind.

In his first year at the institution of higher learning, Nyoro opened a restaurant to help his mother after his father, who was a carpenter, died. The business, however, collapsed, forcing Nyoro to explore opportunities in other sectors.

William Kabogo: A look at multi-billion properties, businesses owned by ICT CS

Stockbridge Securities

After failing to run his restaurant, Nyoro ventured into stockbroking after being hired by Ngenye Kariuki Stock Brokers.

Later that year, he opened his own agency, Stock Bridge Brokers under Dyer & Blair Investment Bank, and ran the business until he graduated from Kenyatta University.

Nyoro’s Stockbridge Securities found itself facing numerous challenges as it failed to complete trades on time, partly due to internet connectivity challenges.

Afrisec Telecoms

The Stockbridge Securities challenges gave birth to Afrisec – an internet provider. The firm was launched in 2010 to provide enterprise technology solutions including internet services, software solutions, networking and surveillance solutions.

He raised Sh500,000 to secure a dealership license from Liquid Telecom, formerly Kenya Data Networks (KDN). By 2014, the ISP was worth over Sh50 million. The company employs over 10 people and its current net worth is estimated at over Sh100 million.

Investax Capital

In 2016, Nyoro reportedly co-founded Investax Capital – a new stock agency alongside a friend. He reportedly invested Sh5 million into the firm and became an equal partner.

The company is a stockbroker and was worth Sh25 million in 2021. To avert possible conflict of interest, Nyoro quit managing Stockbridge Securities and offered it to a friend.

Kenya Power Shares

Nyoro is one of the largest individual shareholders at the Kenya Power and Lighting Company (KPLC).

According to regulatory filings, he held 30 million Kenya Power shares as at the end of December 2024. These shares were equivalent to a stake ownership of 1.54 percent of the company.

This stake was an improvement from the 20.08 million shares that the investor held as at the end of June 2024. In 2023, Nyoro had become the largest individual shareholder at Kenya Power with 32.5 million shares.