Li Hua, who is Futu’s chairman and CEO, derives his wealth from a stake in the Nasdaq listed company. Image by Leaf Li on LinkedIn Li Hua, the founder of Chinese online brokerage Futu Holdings, has more than tripled his net worth to an estimated $9.6 billion, a testament to the company’s successful pivot following a…

President William Ruto at a past event The report, published on Tuesday, September 2, 2025, indicates that the funds were used to produce certificates, invitation cards, parking permits, and other office materials. On average, this translated to about Ksh 68 million per month, or Ksh 2.2 million every day. Nyakang’o noted in her findings that…

The prices of white wheat flour and onion bulbs rose by 0.9%. Kenya’s monthly inflation rate rose steeply to 4.5% in August compared to 4.1% in July, edged up by a rise in the price of food and transport, the biggest items in the average household’s consumer basket. According to data from the Kenya National…

Outside Central Bank of Kenya (CBK) headquarters in Nairobi. The banking industry has welcomed the Central Bank of Kenya’s (CBK) move to introduce a new loan pricing formula for variable-interest loans, saying the changes will boost access to credit and strengthen transparency in the sector. The revised framework, announced by CBK on August 26, 2025,…

KNNCI and KPDA officials during the MoU signing Kenya’s affordable housing drive is taking a new turn as property developers call for stronger estate management to safeguard investments and improve the lives of residents. The Kenya Property Developers Association (KPDA) says the success of the government-backed programme will depend not only on building houses but…

The all share index was introduced in 2008. The Nairobi Securities Exchange All Share Index (NASI), which measures the market’s overall capitalization, rose 2.83 points at the close of trading on Wednesday, climbing to a new all-time high of 178.04, an annual gain of 44.2%. This is a market cap weighted index consisting of all…

Delegates attending Fairtrade Africa’s 20th anniversary in Nairobi, Kenya Fairtrade Africa is celebrating two decades of work with smallholder farmers and workers across Africa and the Middle East, marking the anniversary with a pledge to deepen its focus on sustainability, youth empowerment, and women’s leadership. Since its formation in 2005, the independent non-profit umbrella organisation…

The average price across all grades rose to $410 per 50kg bag. The Nairobi Coffee Exchange (NSE) weekly auction recorded sales of 14,319 bags, weighing 885,991 kilograms, totalling US$ 7,273,699 (Ksh 938 million), a 45% increase compared to activity at the previous auction. Out of these, only the top five dealers handled 12,456 bags, about…

PS Regina Ombam (L) with Umesh Bhojwani (C) at the new plant at Tatu City. Vision Plus consumer electronics and appliances has become the first-ever locally manufactured LED TVs  plant in Kenya’s Special Economic Zones. The assembly plant, with a capacity to produce at least 200,000 sets annually, has been built with a firm focus…