How Ndindi Nyoro built his business empire and wealth


Ndindi Nyoro Net Worth:
The first thing that strikes you when you meet Ndindi Nyoro,the MP for Kiharu, is his sharp acumen for anything business. The soft spoken youth has risen from the woods to become a successful businessman in Kenya. He owns three booming companies which by 2014 were fast closing in on the Sh. 100 million mark in worth, and is currently preparing to launch his fourth venture.
“I always wanted to be a successful businessman,” says Nyoro.
His road to entrepreneurial success has been long and winding. It is a journey that started in 1997, then, a Standard Six pupil at Gathukeini Primary School, Murang’a County. Mr Nyoro says he build a kiosk outside their home. The kiosk, however, did not last long.

“My dad bought the whole stock and ordered me to demolish it and instead concentrate on my studies.”
In school, the last born in a family of four liked studying business. It challenged him to do something that would earn him a living, he told Money.
In 2000, he joined Kiambugi High School, where he revived his entrepreneurial spirit. Rather than spend all his Sh200 pocket money, he would often buy sweets and biscuits and sell them at a higher price, he said.
He would then lend the cash earned to fellow students at 50 per cent interest rate.
“I got this sense that I could succeed. If at all I could make Sh1,000 to Sh2,000 selling sweets and biscuits, then, I would do much better with a higher capital investment.”
As his income grew, he began saving in a piggy bank — at home.
“My family was not for the idea of me doing business. They encouraged me to study and get a ‘decent’ job. Deep down, I knew that I did not want to be employed. I wanted to employ.”
In 2005, he joined Kenyatta University to pursue a degree in economics.
“I was sure that doing a course that was closely related to business would develop my interest and hone my skills.”
In his first year of study, he opened a restaurant in Kenyatta University.
“My dad who worked as carpenter in Kiandutu slums, Thika, had died and I wanted to support my mother,” he says. Unfortunately, the restaurant did not pick up and in his second year, he decided to try his hand in something else.
“Business went from bad to worse. I could hardly meet the cost of running the restaurant. I had to close it down. I opted for temporary job and began working for a stock broker,” he says.
His stint as a stockbroker would see him develop a keen interest in the stock exchange business.
“I learned a lot about stock trading. There were unexploited opportunities. Competition was not very high.”
Working with the stock broker provided Mr Nyoro with a good platform to launch his own shares trading firm. And in what looked like an entrepreneurial ‘suicide mission’ among his friends who knew of his failed ventures, he launched StockBridge Securities.
But as a student, he struggled juggling between class and running the startup, he notes. However, balancing between the two was not the only challenge. He lacked reliable Internet connection at his new firm: “It really affected my business. Many transactions failed to be executed on time.”
Rather than change his Internet provider as many businesses would do, Mr Nyoro, who is yet to start a family, began considering starting his Internet service provision company.
“I carried out a survey in Thika town and realized that many other businesses were having the same problem. I saw this as a perfect opportunity to start my own ISP”
He says that having experienced first-hand how poor Internet provision was negatively affecting businesses, he was certain that his venture would not fail.
“I was aware what customers were looking for.”
In 2010, he started Afrisec Telecoms, a dealer with Kenya Data Networks, to trade in Internet provision and general information technology and communication services. By 2014, he had pumped over Sh4 million into the company. And using the global formula of valuing ISPs, his firm was worth about Sh. 50 million.
However, he has since left Stockbridge Securities.
“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.”
Getting the right staff for his new Internet business was a major challenge, he says: “ICT is highly competitive. One mistake can be too costly to atone for. We, therefore, always have to ensure we get the right staff. Getting clients is also a major challenge. The market has become very competitive.”
At Afrisec Telecoms, Mr Nyoro has 12 employees.
In May last year, he partnered with one of his friends to start Investax Capital, a stock broking agency, where he employs nine workers.
“A friend of mine got an opportunity to be a major agent for the CFC Stanbic Financial Services Ltd. Unfortunately, he did not have enough capital to push it through, and I came in as a partner.”
In the deal, Mr Nyoro pumped in Sh3 million to get a 50 per cent stake in the firm. The investment is now worth about Sh25 million, he says.
“We’re now the biggest stockbroker agency in Kenya,” he says. Investax has offices in Nairobi, Nakuru and Naivasha with plans to open more branches currently underway.
In the next few months, the entrepreneur says he is going to launch a new company, Telesec Africa, to deal with construction, civil works, water engineering and drilling.
“I am equal to the challenge. I believe that to be successful in business, you must learn to concentrate then expand after growing in a certain line of business. I learned this from the kiosk, restaurant and cyber café businesses which failed to pick.”
Interestingly, all his staff are his age mates, this allows him to relate with 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.”

While a good business cannot survive without the employee’s input, he challenges the young people to start their own firms.
“The bottom line of going to school is to live a good life later on. A good life requires money and good money can only be found in business.” As an employee, he says, you will never make more money than your employer. You can only do so if you go into business and become your own boss.

Each thief has his/her own made up story of how they made it to millionaire club.
Ata Ruto,Uhuru,Kabogo,Waititi all have their versions

I never believe anything from these politicians …especially on matters about their wealth

Ata Ruto alianza na kuku akawa mbirrionare

Hahaha my friend hii ni Kenya Talk sio business daily, hapa hatutambui umeffi

Hogwash, we know money when we see it

pewa jug daniels ile kubwa nitalipa, hii ndio kitu ya kwanza ya maana umesema kwa hii kijiji tangu uingie in 1999

You epitomise stupidity in its entirety.

Ata nimepatia hiyo kondoo my first ever like to anything he has posted.
Anyway if you try any of those ‘success’ stories politicians and other ‘businessmen’ peddle you will die of frustration before hitting 40.

Sasa ona, asante sana kamanda. They thought that attacking him at his home constituency will scare him or intimidate him lakini they only thing it has done is to make him more popular and prominent.

kamanda alone wants to keep kitaelewaka alive after it was done away with. Lakini pia in vizuri, this high handedness is elevating Tanga Tanga higher. Now anyone else in the country who didn’t know Ndindi Nyoro will now know him. Put him in prison for a day or two and he get released. However his prominence rises further in Muranga, Central, Mt. Kenya and now the country. Most importantly his gains more favour at DP Uncle Ruto inner circles. I appreciate them for elevating this young leader to the national stage where he belongs.

That said we are back in kanu dark days, a politician thinks he is too close to the President and president men. So he can call kinoti and issue instructions that are acted on. Why? The young elected area MP is outshining him not only in Muranga and central. So he storms a church with 20 plan cloths officers to take command of the event. Somehow him as an nominated MP I don’t know of Nairobi, Muranga or the whole country wants everyone to clear with him first before he engages people. This are Breastfeeding Baba Initiative advisors:D
So you storm a church with 20 cops go to the pulpit where Hon. Nyoro is addressing people and forcefully grab the microphone then you complain the cop was assaulted. Did any of them identify themselves? Whatever problem you had couldn’t it await the service to end then you deal with one another outside? Anyway continue with the downward spiral. We will not stop you. We grow in numbers and confidence with every passing week.

Lakini I know why 1-4 people in particular are being fought by president men. They are all young, great grassroots mobilizers, crucially from Mt. Kenya, prominent loyal in Tanga Tanga and very popular. They are all perfect candidates for DP Uncle Ruto running mate.

You are my fellow muguruki.Fruit of nepotism,your are not a warden coz you qualified but because your uncle knew someone.Wewe ni meffi in my eye.You are corruption,nepotism,stupid,infact you are everything bad on this earth

Sasa wewe si ni Nyoro alikuta Commanda huko kwa kanisa, wacha urongo ya pesa mbili. Na pia si ni Nyoro aliambia Gathecha to rule with an iron fist… Sasa anataka aguswe na velvet hands… Huyo Mwaura ni urongo pia na yule tumbili mathe alikuwa akimtetea jana…

Itumbi tuachishe ujinga.
Who was the convenor of the Harambee?
Who was storming whose event?

Why is he touching the monitor?

Fact is, Uhuru is becoming increasingly less popular in mt kenya & cendral region, and the use of police to intimidate purpoted ruto diehards will only make matters worse

This one is a thug na btw ukiona mtu analamba Ruto sana jus know kuna suspicious deals zilifanyika chini ya maji. I will repeat again if Ruto becomes Prezzo ile corruption ya Moi’s regime will look like child’s play

Although we don’t celebrate others’ misfortunes, although we are for justice, constitutionalism and the rule of law no matter the political climate, we must remind them these constitutional principles are the constant North for the common good of all of us. They safeguard our rights and dignity during convenient and inconvenient political climates. We must never fight to scrap these principles no matter how convenient it might be because as James Orengo quipped, revolutions and governments eat their own people![ATTACH=full]258980[/ATTACH]

I hope his purported weaith, and his tax returns are in unison.

Na isikuwe unanidanganya,naelekea my local kuitisha hiyo jugdaniels

What fake entrepreneurs will never tell you!!! Pumped in from where??? Thin air gtfoh