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14 July 2026
EPRA freezes fuel, DeepSeek $1.5B, Meta faces AI layoff suit
EPRA keeps pump prices unchanged for July-August; High Court holds DTB and Safaricom jointly liable for Sh4.4m SIM-swap fraud with landmark liability split; Pochi La Biashara hits 2.1 million tills as Safaricom FY26 confirms wallet dominance; DeepSeek raises ~$1.5B at $71B valuation, begins IPO prep; 26 ex-Meta employees sue over AI-targeted layoffs of workers on medical leave; Mosseri predicts per-engineer AI token budgets are coming; Cloudflare ships EDE 33 after .AL DNSSEC rollover broke resolution; Boston Dynamics tests Spot robot for last-mile deliveries; Plex suffers multi-hour outage exposing self-hosted fragility
Kenya/Nairobi
EPRA freezes fuel prices for July-August cycle
EPRA left pump prices unchanged for the July-August cycle, holding super petrol at Ksh21.403, diesel at Ksh22.286, and kerosene at Ksh20.291 per litre in Nairobi.
The Energy and Petroleum Regulatory Authority announced fuel prices would remain at current levels for the next month, providing no relief to consumers who had hoped for a reduction after international crude prices softened. Super petrol stays at Ksh21.403 per litre in Nairobi, diesel at Ksh22.286 per litre, and kerosene at Ksh20.291 per litre. The freeze comes as households and businesses continue to grapple with elevated fuel costs that feed into transport and consumer goods prices across the economy.
High Court holds DTB and Safaricom jointly liable for Sh4.4m SIM-swap fraud
The High Court ruled a correct PIN is not a defence, finding DTB and Safaricom jointly liable for Sh4.42 million lost to SIM-swap fraud and setting a precedent for how banks and telcos share fraud liability.
The High Court ruled that DTB must cover 40% and Safaricom 60% of Sh4.42 million stolen from a customer through SIM-swap fraud, rejecting the argument that a correct PIN transaction absolves them of responsibility. The ruling establishes that banks and telecom operators share a duty of care beyond their regulatory silos. Safaricom previously argued it occupied a separate lane from banks, but the court held both are part of the same transaction chain and must exercise joint vigilance. The decision has direct implications for every Kenyan using mobile-money-linked banking and will likely reshape how financial institutions investigate disputed transactions.
Pochi La Biashara becomes Kenya's default business wallet
Safaricom's FY26 data shows Pochi La Biashara grew 81.5% to 2.1 million tills and is becoming the default payment tool for informal traders, with tax integration next on the roadmap.
Safaricom's FY26 performance confirms Pochi La Biashara has moved from experimental feature to core infrastructure for Kenya's informal economy. The wallet product, designed for mama mbogas, boda-boda riders, and kiosk owners, now counts 2.1 million tills -- up 81.5% year-on-year. The total M-PESA merchant base hit 3.1 million, up 71%. The next frontier is tax integration: a digital wallet could help informal traders gradually enter the tax system through voluntary compliance, something the government has tried repeatedly to achieve through enforcement. For anyone running a small business in Kenya, Pochi is now the default way to receive payments.
Tech
DeepSeek raises $1.5B, targets 2027 IPO at $71B valuation
Chinese AI lab DeepSeek is raising about $1.5 billion at a $71 billion valuation and has begun IPO preparations for a potential 2027 listing on a Chinese exchange.
DeepSeek, the Chinese LLM developer that stunned the industry with its cost-efficient model training, is raising a new round at a $71 billion pre-money valuation -- up from $52 billion just months ago. The company has begun IPO preparations and could file as soon as late 2026, targeting a 2027 debut on a Chinese exchange. The rapid fundraising timeline -- just weeks after its last reported $7 billion round -- signals investors are betting DeepSeek can challenge OpenAI and Anthropic globally despite US chip export restrictions. For the AI industry, it means another well-capitalised competitor entering an already expensive arms race.
26 former employees sue Meta over AI-targeted layoffs
A group of 26 former Meta employees filed a lawsuit claiming the company used AI tools -- including an employee LLM and keystroke monitoring -- to disproportionately target workers on medical leave for layoffs.