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Drawn-Out Vote in Kenya Increased Risks for Investors, IMF Says
NAIROBI (Capital Markets in Africa) – Kenya’s election rerun is raising the country’s risk profile among investors and weighing down already sluggish economic growth, theInternational Monetary Fund said. “The prolonged election period has increased risks for investors and traders,” Jan Mikkelsen, the Washington-based lender’s new resident representative in Kenya, said in an emailed response to questions. “This in turn has led to a slowdown in economic activity.” The IMF has lowered its 2017 economic growth forecast for…
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