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NAIROBI — October 2, 2026

Kenya’s annual inflation rate climbed to 6.8% in September, up from 6.6% in August, as higher food and transport costs continued to put pressure on households and businesses.

The latest figures from the Kenya National Bureau of Statistics (KNBS) show that the Consumer Price Index rose from 155.85 in August to 156.47 in September, equivalent to a 0.4% monthly increase. 

Three categories accounted for much of the pressure: food and non-alcoholic beverages, transport, and housing, water, electricity, gas and other fuels. Together, the categories account for more than 57% of the weight in Kenya’s 13 major expenditure groups. 

Food and non-alcoholic beverages recorded annual inflation of 9.5%, while transport prices were up 15.6% year-on-year. Housing, water, electricity, gas and other fuels rose 3.2%. K

Food costs remain a major pressure point

The September figures show that inflation is not affecting every product equally.

Fresh packeted milk rose by 6% during the month, while UHT milk increased by 8%. White wheat flour rose 4.5%, cabbage prices climbed 6.2% and potatoes increased 3.3%.

Other products moved in the opposite direction. Tomatoes fell 4.1%, while sugar declined 0.4%. Electricity prices also fell during the month according to the KNBS consumer-price measure. P

Transport remains particularly significant for companies because fuel and logistics costs feed into the prices of goods and services throughout the economy.

KNBS recorded annual transport inflation of 15.6%. Diesel was priced at an average of KSh219.04 per litre, 26.9% higher than a year earlier, while petrol averaged KSh214.95 per litre, up 15.8% year-on-year. 

For manufacturers, retailers, restaurants, distributors and transport operators, higher logistics costs can put pressure on margins or force businesses to pass some costs on to customers.

The headline 6.8% figure also conceals an important divergence within the inflation basket.

KNBS reported core inflation of 4.0%, up from 3.4% in August, while non-core inflation stood at 14.0%. Food and non-alcoholic beverages contributed 2.8 percentage points to headline inflation, while transport contributed 1.6 percentage points. 

The data provide a mixed picture for businesses. On one hand, some costs—including selected food items and electricity—have eased. On the other, transport and several everyday food products remain significantly more expensive than a year ago.

For consumers, that combination can influence spending decisions. For businesses, it complicates pricing, wage negotiations, inventory planning and forecasts for consumer demand.

Kenya’s September inflation release will therefore be closely watched by companies and financial institutions as they assess the final quarter of 2026.

SAN FRANCISCO — October 2, 2026

Artificial-intelligence company Anthropic has given investors an unusually detailed look at the economics behind frontier AI, revealing a business growing at extraordinary speed while simultaneously committing enormous sums to computing infrastructure.

The company’s IPO prospectus, reviewed by Reuters, showed that Anthropic generated nearly $4.6 billion in revenue in 2025, roughly twelve times its revenue a year earlier. But the company also reported a $42 billion net loss, with approximately $34 billion of that figure stemming from accounting charges related to financing instruments that could ultimately convert into equity. 

The more revealing figure for operating economics was an $8.06 billion operating loss. Anthropic spent $12.65 billion on operating expenses, with computing and infrastructure accounting for more than half of that amount. 

The disclosures illustrate one of the central challenges facing the AI industry: developing and operating increasingly powerful models requires vast amounts of computing capacity, while companies must simultaneously turn that capacity into recurring commercial revenue.

Broadcom enters the financing equation

The scale of the infrastructure build-out became even clearer this week when Anthropic’s filing revealed an agreement under which semiconductor company Broadcom could lend the AI company up to $42 billion to finance infrastructure spending.

The financing is linked to Anthropic’s plans to lease computing capacity based on Broadcom-designed chips. Reuters reported that Anthropic expects to become Broadcom’s largest customer in its chip-design business in 2027. 

That arrangement illustrates how the AI boom is creating increasingly complicated relationships between model developers, cloud providers, chip companies and financiers.

Anthropic already relies heavily on technology giants such as Amazon and Google for computing infrastructure and distribution. Reuters reported that 47% of Anthropic’s sales in 2025 were routed through Amazon and Google’s cloud platforms, highlighting the company’s dependence on businesses that are simultaneously partners, investors or competitors in different parts of the AI ecosystem. 

The prospectus has reportedly outlined a path toward a valuation potentially exceeding $2 trillion, although an eventual valuation and timing would depend on market conditions and the company’s eventual offering.

The IPO therefore represents more than a conventional technology listing. It could provide public-market investors with one of the clearest tests yet of how financial markets value an AI company whose revenue is growing rapidly but whose infrastructure requirements are also extraordinary.

Anthropic’s filing also contains extensive risk disclosures concerning advanced AI, including warnings about potential severe risks from increasingly capable systems. 

For the wider technology industry, the financial question is becoming increasingly important: how much computing infrastructure can AI companies economically absorb, and how quickly can revenue growth catch up with the cost of building it?

Business takeaway: Anthropic’s disclosures demonstrate that the next phase of the AI race is not simply about software models. It is also about financing chips, data centres and computing capacity on an unprecedented scale.

Load iGlobal bond turmoil pushes borrowing costs higher as markets await U.S. jobs data

NEW YORK/LONDON — October 2, 2026

A sharp sell-off in government bonds is forcing investors and businesses to reassess the cost of money after U.S. Treasury yields climbed to their highest levels in more than two decades, adding pressure to financial markets around the world.

The benchmark 10-year U.S. Treasury yield briefly reached 5.34% on Thursday, its highest level since 2002, before retreating as buyers returned to the market. The move followed a sustained rise in long-term yields that has made borrowing more expensive for governments, companies and households. 

U.S. stocks nevertheless recovered on Thursday. The S&P 500 gained about 0.2%, while the Dow Jones Industrial Average and Nasdaq also ended modestly higher after an earlier sell-off. 

The bond-market volatility has been driven by several overlapping concerns. Inflation remains above central-bank comfort levels, energy prices have risen, and investors are demanding greater compensation for holding long-term government debt. Government borrowing requirements are also adding to the supply of bonds coming to market. 

Higher government bond yields tend to raise the benchmark cost of capital throughout the economy.

For businesses, that can mean higher interest expenses on loans, more expensive corporate-bond issuance and greater hurdles for investment projects. Property developers and other highly leveraged industries are particularly sensitive to changes in long-term borrowing costs.

The pressure is not confined to the United States. Government bond yields have also risen sharply in major economies including Germany and Japan, while European markets have been affected by concerns about fiscal policy and debt levels. 

At the same time, investors are trying to determine how much further the U.S. Federal Reserve may raise interest rates. Recent comments from Fed officials have moderated some expectations for an immediate October increase, although policymakers remain concerned about inflation and the strength of economic activity. R

The next major data point is the U.S. employment report due Friday. Markets will be watching payroll growth, unemployment and wage developments for clues about the economy and the direction of monetary policy.

The combination of elevated yields, volatile energy prices and uncertain interest-rate expectations means businesses entering the final quarter of 2026 face a financial environment in which the cost of capital remains a central strategic consideration.

By happiness Otongo

The U.S. midterm elections are intensifying as political tensions rise across the country. Former President Donald Trump has continued his campaign rallies, making controversial statements and proposing the use of federal agents at polling stations.

At the same time, the U.S. Supreme Court is set to review key immigration policies, which could significantly impact the election landscape. Analysts say voter dissatisfaction over inflation and economic issues may play a decisive role in the outcome.

By happiness Otongo

Russian President Vladimir Putin has issued a strong warning that Russia is prepared to use al3. Putin Signals Readiness to Use All Weapons if Russia is Attacked
Russian President Vladimir Putin has issued a strong warning that Russia is prepared to use all available weapons if directly attacked. While he stated that Russia would not initiate such action, the remarks have intensified fears about potential nuclear escalation.

NATO leaders responded by reaffirming their commitment to Ukraine and strengthening defense strategies across Europe. The growing tensions have led to increased military readiness and diplomatic pressure, as global leaders attempt to avoid a broader conflict.

By happiness Otongo

A dramatic mid-air incident involving a Flydubai flight has raised serious concerns about airline security. Reports indicate that a co-pilot allegedly attacked the captain during the flight, forcing the aircraft to descend rapidly before passengers and crew intervened to stop the situation. The plane eventually landed safely in Saudi Arabia, preventing what could have been a catastrophic event.

Authorities have since detained the suspect, and investigations are underway to determine motives, including possible links to extremist groups. Aviation experts are now calling for stricter cockpit security and enhanced mental health screening for flight crew, as the incident highlights vulnerabilities in airline safety systems.

By Happiness otongo

Ukraine’s President has warned that the war is entering a more dangerous phase, with Russia allegedly increasing attacks on civilian infrastructure. Intelligence suggests that new drone technologies are being deployed, making it harder for Ukrainian forces to defend key areas.

The escalation is raising global alarm, especially as Western support appears to be weakening due to economic pressures. Analysts say the conflict could shift significantly if Ukraine loses access to critical military resources, potentially prolonging the war and worsening humanitarian conditions.

By Visaho Delson 30th September,2026, Nairobi

Wicknell Munodaani Chivayo, known to many as Sir Wicknell, was born on 22 November 1982 in Chivhu, Zimbabwe, and raised in the Gandami area after losing his father Isaac Mathias Chivayo in a car accident when he was just 10. He went to Dudley Hall Primary and Churchill Boys High in Harare, but left school early because of financial pressure and by 15 he was already working as a wages clerk at a bus company in the city.

He built his name through Intratrek Zimbabwe, the company he founded and ran as Managing Director. Intratrek was into energy, telecoms and infrastructure, and it shot into the spotlight in 2015 when it won the US$200 million tender for the 100MW Gwanda Solar Project. The company received a US$5 million advance from Zimbabwe Power Company but the project stalled for years, leading to fraud and money laundering charges that followed him to court until his acquittal in 2024. Despite that, he kept pushing for big deals.

Chivayo was never just a businessman he was a showman. He became famous for his flamboyant lifestyle, his fleet of Rolls-Royces, Maybachs, private jets, and for giving away luxury cars and cash to musicians, pastors and ordinary people. He was openly close to President Emmerson Mnangagwa and ZANU-PF, and from 2025 he started expanding beyond Zimbabwe into Kenya and Tanzania, where he was linked to a US$2.5 billion transmission deal with China’s Chint Group and the JKIA expansion talks, and was often photographed with Presidents William Ruto and Samia Suluhu Hassan.

In his private life he married Sonja Madzikanda in 2017 and separated in 2024, then married Lucy Muteke in March 2025. He had five children.

His life was cut short on 30 September 2026 when the helicopter he was travelling in with his wife Lucy crashed in Marondera Rural, Mashonaland East. He was 43.

BY.PHILES ISABOKE

President William Ruto has vowed to resolve Coast squatter problem, promising 500,000 title deeds before December. He said 300 officers from Ministry of Lands have been deployed to survey and document land.

Speaking in Kilifi Tuesday, Ruto said lack of title deeds contributed to poverty and feeling among Coast residents they are not fully recognised as Kenyans.

By.PHILES ISABOKE

IEBC has suspended tender for supply and delivery of ballot papers, tactile folders and election declaration forms after a request for review was filed at Public Procurement Review Board.

Acting CEO Ruth Kulundu said proceedings suspended until further notice. This could affect preparations for 2027 elections as ballot papers require extensive production and verification.