China's STAR 50 index, which tracks AI and chip companies, has fallen about 40% in under four months and wiped out roughly $480 billion in market value, according to Reuters reporting dated 26 and 27 October. Fund managers quoted by Reuters described it as a bubble bursting.
Binance suffered a $6.3 billion crypto hack, reportedly through a compromised DevOps engineer’s laptop. North Korean hackers are suspected, while Binance says it will cover all losses.
KRA plans to use M-Pesa Till Numbers and Pochi La Biashara records to identify businesses whose declared income does not match their transactions. It is also in talks with Safaricom to enable small businesses to generate eTIMS tax invoices through M-Pesa.
Safaricom dismissed 118 employees over fraud-related misconduct in the year ended March 2026 and recovered KES 953 million in inflated M-PESA agent commissions, bringing its total commission recoveries over two years to approximately KES 2.65 billion
Quickmart is offering 2 billion shares at KES 7.50 apiece, valuing the supermarket chain at KES 30 billion. Here’s how the IPO works, what investors could earn in dividends, and the risks to weigh before buying.
Safaricom plans to introduce government bond trading on My OneApp in partnership with the CBK, expanding its investment services.
Nairobi's tech calendar is packed this week with startup meetups, cybersecurity events, AI workshops and Bitcoin gatherings.
World Bank wants governments to rent AI computing instead of building data centres, but names no countries, budget or date.
Kenya produced 56,000 tonnes of electronic waste in 2025, but only 5% was handled by formal recyclers.
CMA wants wallet addresses and transaction records linked to QVSE and Global Investment Group, weeks after prosecutors revealed how investors were allegedly instructed to move money through Binance
Mastercard has signed a five-year deal to bring prepaid cards and international transfers to MoovnPay, with merchant payments expanding in Kenya and Tanzania. Moovn originally built the wallet to collect payments across its own services.
Nairobi's tech events this week cover AI, blockchain, open source, and mobile development, with workshops and meetups from October 19–24.
The IMF expects Kenya's economy to grow faster next year, although its projections remain below those of the Central Bank of Kenya.
Microsoft employees in Nairobi were informed of plans to close the company's engineering centre on October 12. Microsoft says its wider Kenyan operations will continue as it restructures globally.
Nairobi's tech calendar this week features cybersecurity hackathons, AI workshops, blockchain events, and developer meetups from October 14 to 17.
Kenya has approved a new way for investors to participate in the Nigerian refinery's $1.6 billion IPO. But the KES 107,000 minimum investment is only one of several differences between buying shares in Nigeria and investing through Nairobi.
Flexpay says Naivas used police to pursue a disputed payment after their five-year partnership collapsed. It also claims the supermarket owes it more than KES 24 million in loyalty rewards.
Kenya's letter lets Circle Gas apply to sell carbon credits abroad, but its cash forecast counts none of the upside.
Andela’s study shows AI training helped Kenyan developers improve their Codex assessment scores from 69% to 81% in two weeks.
Tavus says 26 of 54 testers took its new AI for a human on a live video call. It is a vendor study with a small sample, but if you accept video as ID, read this.