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Business

Crypto firm accidentally sends Ksh5.6 trillion in bitcoins to users

In a stunning operational error, South Korea's major cryptocurrency platform Bithumb mistakenly credited hundreds of customers with enormous amounts of Bitcoin during a routine promotional giveaway on Friday, February 6, 2026. What was intended as small cash prizes of around 2,000 Korean won (roughly KSh 180) per winner turned into a distribution of at least 2,000 BTC each to affected users, resulting in over 620,000 Bitcoins being erroneously sent out—equivalent to approximately KSh 5.66 trillion at prevailing market rates.

Business

IMF Projections Highlight Kenya's Dominance in East African Economies for 2026

According to the latest projections from the International Monetary Fund (IMF), Kenya continues to hold its position as the economic powerhouse of the East African Community (EAC) in 2026, with a nominal Gross Domestic Product (GDP) estimated at $140.87 billion. This figure underscores Kenya's robust economic trajectory amid regional growth, even as neighboring countries show promising expansions driven by investments in infrastructure, natural resources, and domestic demand.

Business

KRA Introduces WhatsApp Service for Tax Filing, eTIMS and More

The Kenya Revenue Authority (KRA) has rolled out a new WhatsApp chatbot service to make tax filing and other essential services more accessible, allowing Kenyans to handle their tax obligations directly from their phones without visiting KRA offices or relying solely on the iTax portal.