Kenya | - Part 13

Kenyan Inflation Quickens First Month in Three in August

NARIOBI (Capital Markets in Africa) – Kenyan inflation quickened for the first time in three months as food prices increased and has moved outside of the central bank’s target band. The annual inflation rate rose to 8 percent in August, compared with 7.5 percent in the previous month, the Kenyan National Bureau of Statistics said Thursday in a statement emailed from the capital, Nairobi. Prices increased 0.6 percent in the month. The economy of the world’s largest shipper…

Kenya Opposition Says Audit of Electoral System Shows Misuse

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenya’s main opposition group said an audit of the electoral authority’s computer servers found they were accessed by “anonymous users” and that there’s no trace of data being submitted by polling stations in this month’s presidential election. The National Super Alliance also alleged in documents submitted to the Supreme Court on Tuesday that scrutiny of the Independent Electoral & Boundaries Commission servers showed Chairman Wafula Chebukati’s account was “used…

Kenya’s Top Court Expected to Uphold Kenyatta’s Election Win

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenya’s top court will decide over the next two weeks whether to nullify the outcome of this month’s presidential elections that the main opposition says were rigged. Most legal experts and political analysts expect President Uhuru Kenyatta’s victory to be upheld. Opposition leader Raila Odinga alleges that members of the ruling party hacked the electoral authority’s computers to deliver Kenyatta, 55, a second term. Odinga’s five-party National Super Alliance initially ruled out…

Kenya Pulls Back From Brink as Vote Dispute Heads for Court

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NAIROBI (Capital Markets in Africa) – Kenya pulled back from the brink of a violent electoral dispute after the main opposition buckled to international pressure and agreed to contest the outcome in court. The country has been on a knife-edge since President Uhuru Kenyatta was declared the winner of an Aug. 8 vote that his main rival, Raila Odinga, said was stolen. There have been clashes between security forces and opposition supporters in slums in Nairobi, the capital,…

Thomson Reuters Offers Financial Professionals Market Data & Analysis For Current And Upcoming Africa Elections

Posted on by The Editorial Team

Decision Africa App provides key economic data for Kenya, Angola, Liberia, and Mali Johannesburg, 10 August 2017 – Thomson Reuters has launched a dedicated Decision Africa app on its flagship desktop product Eikon. The app provides financial professionals with comprehensive market and data leading up to and after the elections in Kenya (8th August), Angola (23rd August), Liberia (10th October), and Mali (29th October). The app features a chart book page of all four countries…

Investors Too Busy Cheering Kenyatta to Fret About Vote Spat

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Euphoria over a President Uhuru Kenyatta win, even if the election results are preliminary, boosted the nation’s stocks by the most in Africa and sent Kenya’s dollar bonds higher. The FTSE NSE Kenya 25 Index of stocks advanced as much as 2.7 percent to the highest level in two years. The yield on the nation’s Eurobonds due 2024 fell the most since March and the shilling was little changed. With ballots from more than 97…

Hacking, Fraud Claims Threaten to Spark Kenyan Vote Crisis

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenya is sliding toward a potentially violent political crisis over opposition allegations that hackers interfered with provisional vote tallies from Tuesday’s general elections. The normally bustling streets of Nairobi, the capital, and business hub of East Africa’s biggest economy, were largely deserted Wednesday as residents stayed home bracing for potential trouble. Tension was heightened after the election commission released initial results showing President Uhuru Kenyatta with a commanding lead over his…

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