One year after his death, Raila Amolo Odinga is being remembered.
Today October 3 marks start of “Mwezi wa Baba,” a month-long commemoration. Odinga died October 15, 2025 in India aged 80.
At 3pm today, family and ODM leaders held candlelight at Uhuru Park Nairobi. At 6pm simultaneous vigils will was held in Kisumu Moi Stadium, Mombasa Treasury Square, Busia, Homa Bay and Siaya.
October program includes medical camp in Kibera October 10, youth dialogue at University of Nairobi October 12, and final memorial service in Bondo Siaya October 15.
Family said focus is on democracy and social justice ideals, not politics.
Sept 30, 2026 – India beat China 238-234 to retain women’s compound gold, equalling world record 238 set by South Korea in 2014. India’s 7th gold of Games.
Dangote announced training school in Lamu for 1,000 locals. He said: “We want to make sure that we can get expertise locally without having to employ people from China or India.” Not yet started, it’s a commitment.
Oct 2, 2026 – India’s team Ankita Bhakat, Kirti Sharma and 17-year-old Kumkum Mohod stunned 10-time Olympic champions South Korea 5-3 to win maiden Asian Games gold in recurve.
Indian Embassy confirmed Capt Smit Machchhar is “admitted in a hospital in Tabuk city” and “reported to be in stable condition” after being stabbed by co-pilot on FZ1073 Dubai-Tel Aviv flight carrying 174 people. Co-pilot identified as Omani national.
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.
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.
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.
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.
