Kiharu parliamentarian Ndindi Nyoro is a vibrant Kenyan politician with years of experience in various sectors of the economy. Apart from deep pockets, the tricenarian lawmaker is a promising kingpin in the leadership-thronged Mount Kenya region. Our coverage of Ndindi Nyoro net worth provides a closer focus on businesses owned among other sources of income.
Born on December 12, 1985, Ndindi Nyoro is one of the most promising Kenyan billionaires under 40. He is indeed a striking public figure to watch closely.
Samson Ndindi Nyoro Net Worth Forbes
How rich is Ndindi Nyoro? Kiharu MP Ndindi Nyoro is a wealthy Kenyan politician with a monthly salary of Ksh. 739,000 and a net worth of Ksh. 500 million, all vested in corporate shares and profitable businesses.
The entrepreneurial journey of Ndindi Nyoro started in 1997 while ongoing with class 6 education at Gathukeini Primary School.
1. Starting a village Kiosk against all odds
Nyoro recalls setting up a village kiosk outside their home. Sadly, he could not proceed because his father wanted him to concentrate on education.
He was forced to quit following a forced demolition.
“My dad bought the whole stock and ordered me to demolish it and instead concentrate on my studies.”
MP Ndindi Nyoro.
His business dream would kick back within a few years.
On the other hand, his father who worked as a carpenter insisted on good grades for a decent white-collar job.
In a recent interview, Nyoro opened up on becoming a multi-millionaire before joining the National Assembly.
2. Launching a successful hawking business
While continuing with secondary studies at Kiambugi High School, Nyoro used his Ksh. 200 pocket money to start a hawking business at a 50% profit.
Initially among classmates, the business speedily extended to the entire school.
“I got this sense that I could succeed. If I could make Ksh. 1,000 to Ksh. 2,000 selling sweets and biscuits, then I would do a much better job with higher capital investment.”
MP Ndindi Nyoro.
The lastborn in a family of four siblings steadily ballooned his income selling biscuits among schoolmates.
3. Venturing in a restaurant at Kenyatta University
On excelling in KCSE exams, Ndindi Nyoro joined Kenyatta University for a Bachelor’s degree in Economics.
While still a freshman at KU, Nyoro opened a restaurant to earn a living following the sudden death of his father. Unfortunately, the startup collapsed within the first year of operation.
4. Investing in Stockbridge Securities
On closing down the restaurant because of high operational costs, Ndindi Nyoro settled for a temporary job as a stockbroker.
The school-going Nyoro eventually gained enough experience to open Stockbridge Securities shares trading firm which is still operational today.
Apart from attending classes, Nyoro’s firm suffered greatly from slow and unreliable internet.
“It really affected my business. Many transactions failed to be executed on time.”
MP Ndindi Nyoro.
The challenge would provide him with an opportunity to become an Internet Service Provider.
In 2010, Nyoro launched Afrisec Telecoms ISP Company with a promise of better internet speeds.
5. Rolling up Afrisec Telecoms ISP firm
Afrisec Telecoms inaugurated in 2010 grew rapidly to a net worth of Ksh. 50 million within 4 years.
The ISP Company is presently valued at about Ksh. 100 million. Afrisec with at least 10 employees provides a range of services among them internet services, software solutions, networking, and surveillance solutions.
6. Nyoro’s Investax Capital
In 2020, Nyoro invested Ksh 3 million to gain a 50 percent stake in Investax Capital valued at about Ksh 25 million in 2021.
A conflict of interest saw him passing the management role of Stockbridge Securities to a close friend.
7. Ndindi Nyoro Kenya Power shares
KPLC annual report enlisted Ndindi Nyoro as one of the largest individual shareholders for the year ended June 30, 2021.
He has since sold 11.78 million shares or 36 percent of the shares owned in Kenya Power between June and December 2023.
He now ranks second to Naran Khimji Hirani and Virji Khimji Hirani, who jointly hold 23.85 million shares in Kenya Power, equivalent to a 1.22 percent stake.
8. Ndindi Nyoro’s Telesec Africa
Kiharu lawmaker believes that diversification of business is the only way to survive and succeed in our competitive economic world.
He says launching Telesec Africa Construction Company was largely informed by the booming real estate industry.
Samson Ndindi Nyoro net worth is mind-blowing owing to his young age and unlimited dreams in politics and business.
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