Shares in Olympia Capital Holdings (NSE: OCH) reached Sh25.00 on Wednesday, October 28, 2026, extending a rally that has lifted the stock 246.3 percent from Monday’s close of Sh7.22 after Kiharu MP Ndindi Nyoro was reported to have built a stake in the company and plans to take it much further.
The surge has taken Olympia’s market capitalisation to Sh1.00 billion, up Sh711.2 million from about Sh288.8 million before the rally began. The gain covers two trading sessions and not one: the stock opened Tuesday at Sh7.22 and rose to Sh14.10 within about two hours, once news emerged that Nyoro had accumulated a 9.76 percent stake, before climbing further on Wednesday.
Nyoro, the People’s Party leader, holds 3,982,253 shares through a vehicle called Limpopo Capital Limited and intends to raise his holding to 25 percent. A stake of that size would let him formally declare an intention to take over the company, subject to the applicable rules. He has said he wants to turn Olympia into an investment vehicle modelled on Berkshire Hathaway, owning businesses outright and holding stakes in other firms to generate lasting cash flows.
At Sh25, his current shares are worth about Sh99.6 million, compared with about Sh28.8 million at Monday’s price, an unrealised gain of roughly Sh70.8 million. Nyoro has acknowledged that thin trading makes it hard to build a larger stake, and has indicated he could exit at a profit if the plan proves unworkable.
Olympia is a holding company formerly known as Dunlop Kenya, listed on the NSE in 1976. Its interests include Dunlex Adhesives, a 45.97 percent stake in Avon Business and Industrial Park in Nairobi’s Industrial Area, manufacturing operations in Botswana making vinyl floor tiles, aluminium products and cleaning chemicals, plus logistics, investment property and marketable securities. It has about 40 million shares in issue.
Its recent results are mixed. For the year ended December 2025, revenue fell to Sh428.8 million from Sh457.2 million, and profit after tax dropped to Sh10.45 million from Sh17.6 million.
The company has assets of about Sh1.9 billion, and shareholders’ value of about Sh1.113 billion puts book value at about Sh27.82 per share, which some analysts see as what Nyoro is chasing. Even at Sh25, the shares trade just below that figure.
Analysts caution that a price spike in a thinly traded stock reflects speculation about future events and not an improvement in earnings, and that a Berkshire-style model depends on disciplined deals, sound governance and access to capital.
