Kiharu Member of Parliament Ndindi Nyoro is no stranger to the public, especially for being a vocal member of Deputy President William Ruto’s camp.
However, little is known about the legislator’s personal life, and in this instance, how Nyoro managed to establish himself as a multi-millionaire.
In an article by Daily Nation on August 20, 2016, Nyoro revealed his path to success and the strategies he employed to amass his wealth.
From early ventures as a cobbler and a hawker in Murang’a back in the day, Nyoro has traversed through the world of business to having major interests in three successful companies.
Nyoro stated that his investment portfolio cuts across various sectors of the economy; stock brokerage, communication, construction, civil works, water engineering, and drilling.
In a 2016 interview with K24 TV, he revealed that he owned Afrisec Telecoms, Investax Capital, and Telesec Africa. The three companies stand at a valuation in the excess of Ksh300 million with an annual turnover of Ksh50 million
The success of his venture into the financial markets and the internet business is intertwined.
Nyoro’s first financial startup, Stockbridge Securities, struggled at infancy because of poor internet connectivity which resulted in a delay in executing trades.
This prompted the Kiharu legislator to establish Afrisec, an internet provider in the year 2010.
In 2016, Nyoro co-founded Investax Capital but was forced to withdraw his shareholding and resign from Stockbridge to avert a possible conflict of interest.
“I could not continue with Stockbridge after starting Investax Capital because of conflict of interest. Stockbridge was operating under Dyer and Blair Investment Bank Ltd and Investax under the CFC Stanbic Bank. I left it freely to a friend and partner who now runs it as his own,” Nyoro was quoted by Daily Nation.
Investax Capital is among the largest stock agents in East and Central Africa as per media reports.
Afrisec Telecoms is an ICT company venturing into the provision of internet services, software and application solutions, surveillance solutions and networking. The telecom entity is a certified dealer with Kenya Data Networks.
As of 2014, Nyoro had invested in excess of Ksh4 million into the company. By adopting a global formula of valuing ISPs, Afrisec is reportedly worth about Ksh50 million.
At the dusk of 2016, Nyoro founded yet another company, Telesec Africa, with interests in construction, civil works, water engineering, and drilling, adding to his list of investments.
The Kiharu legislator maintains a simple life and thus the secrecy of his business dealings.
Being a young entrepreneur, a majority of his employees lie in the same age bracket as him, thus enabling him to engage them as friends.
“I always tell my employees to learn to do business within my business. I do not want them to forever remain my employees. I want them to go out there and venture into business, succeed and become employers too,” Nyoro told Daily Nation.
His pledge for a better tomorrow is also evidenced by his trademark slogan- we are Africa and Africa is our business.
