Jensen Huang, co-founder of NVIDIA, has resigned as chief executive officer. TechCabal reported his departure follows allegations of extramarital affairs, including a relationship with a Chinese businesswoman suspected by US officials of intelligence ties. Huang denied knowledge of such links, and NVIDIA stated it believes no secrets were compromised. The company’s chief financial officer, Colette Kress, has assumed the role of interim CEO. TechCabal described the event as a significant turn for the leader who drove the company’s AI prominence. The firm must now navigate its future without its most recognizable figure.
In Kenya, Quickmart, the second-largest supermarket chain, debuted on the Nairobi Securities Exchange. TechCabal reported shares opened at KES10, a 33.3% rise from the IPO price of KES7.50. Trading averaged KES9.26 by midday, with 6.32 million shares exchanged. The listing, announced in September 2026, allows Adenia Partners to partially exit its stake after acquiring the business in 2019. International investors including the International Finance Corporation participated. The retailer operates 72 stores and processes five million monthly transactions, with revenue growing tenfold since 2018.
Egypt’s Financial Regulatory Authority approved two projects for its fintech sandbox. TechCabal reported WeLend will test an AI credit tool for small businesses, while Roa’ya Online will use gamified lessons to teach investing to youth. The sandbox, launched in 2025, now has 11 preliminarily approved projects. This framework allows companies to test non-bank financial products in a controlled environment before full market release. Regulators use this to understand new technologies while fintechs avoid immediate regulatory uncertainty.
The International Monetary Fund urged Kenya to relax stablecoin regulations. TechCabal reported the IMF supports crypto oversight but opposes rules requiring foreign issuers to hold reserves in local banks. Kenya mandates 30% of stablecoin reserves stay domestically and requires KES 300 million in capital. The IMF argues these rules may discourage entry and suggests capital requirements should reflect individual company risks. Nigeria recently implemented similar local reserve mandates. The IMF warns overly strict rules could leave Kenya with fewer licensed operators while trading continues informally.