Election | - Part 9

Kenyan Opposition Leader May Consider Tax Cuts to Woo Investors

NAIROBI (Capital Markets in Africa) – Kenyan opposition leader Raila Odinga said he would consider tax cuts to woo foreign investors and measures to boost manufacturing to drive export-led growth if he wins the country’s presidential elections in August. The National Super Alliance also plans measures to assist small-scale businesses and farmers, and a crackdown on corruption to boost revenue collection if it comes to power, Odinga said in an interview Wednesday in the capital, Nairobi. The…

Kenyan Election Body Denies Awarding Deal to Blocked Company

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NAIROBI (Capital Markets in Africa) – Kenya’s electoral commission said it’s yet to decide which company will print ballot papers for elections being held in two months, after a local newspaper said the deal had been handed to a Dubai-based firm whose contract has been blocked twice. “We are still working on it,” Andrew Limo, spokesman for the Independent Electoral & Boundaries Commission, said by phone on Wednesday from the capital, Nairobi. “Communication will be…

OECD Sets Out an Economic To-Do List for Next U.K. Government

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LONDON (Capital Markets in Africa) – As campaigning comes to a close before Thursday’s U.K. election, the Organization for Economic Cooperation and Development has issued a list of priorities for the next government. In its latest global outlook, the OECD says the U.K.’s exposure to international trade has helped the economy, but some industries have suffered and jobs have been lost. It also warned that poorer regions, reliant on manufacturing and agricultural exports, are “exposed to…

British Pound Is Seen Losing the Most If U.K. Vote Delivers No Winner

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LONDON (Capital Markets in Africa) – The pound could plunge to as low as $1.20 on Friday, a level last seen in January, should the U.K. snap election lead to a hung parliament, according to a Bloomberg poll of analysts. Such an outcome, though seen as unlikely, would be marginally more negative than even an electoral upset that sees the Labour Party defying odds to emerge the winner, according to the survey of 11 banks…

Kenya Electoral Body Fires Procurement Officer as Vote Nears

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NAIROBI (Capital Markets in Africa) – Kenya’s electoral body fired its head of procurement as it seeks to source ballot papers less than two months before the country’s presidential elections. The Independent Electoral & Boundaries Commission “has relieved the procurement director, Mr. Lawy Aura, of his duties,” the Nairobi-based body said on its Twitter account on Tuesday. “We are addressing the delayed sourcing of ballot papers.” The dismissal comes a week after the body placed…

Voter Fatigue May Doom Kenyan Opposition Presidential Nominee

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NAIROBI (Capital Markets in Africa) – Former Kenyan Prime Minister Raila Odinga’s three previous presidential election losses may hamstring his ability to generate enough public enthusiasm to mount a serious challenge to President Uhuru Kenyatta in this year’s election. Less than half of the supporters of the opposition National Super Alliance agree with the choice of Odinga, 72, and former Vice President Kalonzo Musyoka as its flag-bearers, the Nairobi-based Star newspaper reported Friday, citing an Ipsos poll. It’s the same ticket that…

Kenyan Opposition Chooses Odinga to Run Against Kenyatta

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NAIROBI (Capital Markets in Africa) – An alliance of Kenyan opposition parties chose former Prime Minister Raila Odinga as its candidate to run against President Uhuru Kenyattain elections scheduled for August. Odinga’s running mate on the National Super Alliance ticket will be former Vice President Kalonzo Musyoka, co-principal Musalia Mudavadi said Thursday at a rally in the capital, Nairobi. The two were recommended by a technical committee that also considered Mudavadi and Senator Moses Wetang’ula as potential candidates. “The one who will fly the…

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