Ndindi Nyoro Acquires Sh29.8 Million Stake in Olympia Capital With Eye on Takeover

Ndindi Nyoro Acquires Sh29.8 Million Stake in Olympia Capital With Eye on Takeover

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Kenyan lawmaker Ndindi Nyoro has built a Sh29.8 million stake in Olympia Capital Holdings, positioning himself as the third-largest shareholder in the Nairobi Securities Exchange-listed firm as he pursues a broader plan to restructure the company into a Berkshire Hathaway-style investment vehicle, Bizna Kenya reported.

The Kiharu Member of Parliament acquired 3,982,253 shares through his investment firm, Limpopo Capital Limited, according to Business Daily. The transaction gives him a 9.76 percent stake in the holding company, which operates subsidiaries in Kenya, Botswana, and South Africa manufacturing construction supplies, cleaning chemicals, water pumps, and fire prevention equipment.

The Path to a 25 Percent Buyout Threshold

Mr. Nyoro started accumulating his position in 2025. He aims to expand his holding to 25 percent, the regulatory threshold required to formally declare an intention to take over the business and convert its core model into an investment fund that fully acquires other operating companies or holds high-quality stocks to generate steady cash flow and dividends.

That accumulation plan has faced hurdles due to the stock’s low liquidity. “I started buying OCH in 2025. I thought I’d get enough supply to at least 25 percent, but liquidity of the share is low,” Mr. Nyoro told Business Daily. “What I need to do with it can only happen when we have a higher shareholding. If it’s difficult, then we will exit.” If he fails to secure a controlling stake, he intends to sell his shares at a profit.

Why Did Ndindi Nyoro Buy Olympia Shares? | The Strategy Behind His Investment

Trading data highlights the tight supply on the exchange. A spot check by Bizna Kenya showed that at the end of trading on October 27, Olympia traded between a 52-week high of Sh9 and a low of Sh6 per share, closing at an average of Sh7.22. Control of the company has historically rested with the family of former Mathira MP Matu Wamae.

Olympia Capital Reports Profit Drop and Corrects Cost Structure

Olympia Capital reported a net profit drop to Sh10.45 million last year, down 40.9 percent from Sh17.6 million previously, and has not paid dividends in the last five years. Management noted in its 2026 annual report released early this month that internal restructuring, including revamping subsidiary boards and improving supplier agreements, has materially corrected a manufacturing cost structure that previously made expansion unviable.

Nyoro smile
Photo: tuko.co.ke

The firm’s assets span multiple markets. In Botswana, it manufactures tiles and cleaning chemicals and holds real estate, while its South African operations focus on logistics. Mr. Nyoro noted that he visited the Gaborone factory and found its operations scalable, particularly regarding the South African market.

Other major stakeholders on the register include UK-based Dunlop Properties Limited with a 6.2 percent shareholding, Paul Wanderi Ndung’u with 12 percent, Mobicom Kenya Limited with 1.12 percent, and billionaire businessman Joel Kibe with two percent.

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