President Uhuru Kenyatta

Kenyan Growth Jitters Rekindled as Court Orders Ballot Rerun

NAIROBI (Capital Markets in Africa) – Kenya’s economy may pay the price of opposition leader Raila Odinga’s successful bid to nullify the outcome of last month’s election, as prolonged political uncertainty pending a court-ordered rerun weighs on growth and investor confidence. “There was a lot of exuberance that the elections were over,” Kenneth Minjire, head of securities at Genghis Capital in Nairobi, said by phone. “Inquiries had shot up from private-equity firms, from foreign investors, who…

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 Presidency Race Narrows, Run-Off Likely, Pollsters Say

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – The race for Kenya’s presidency between incumbent Uhuru Kenyatta and opposition leader Raila Odinga has tightened less than three weeks before election day, with polls showing both candidates lack the support to avoid a second-round vote. Odinga, a former prime minister, is backed by 47 percent of voters, while Kenyatta is at 46 percent, according to a poll by Infotrak released in the capital, Nairobi, on Sunday. A separate survey by Ipsos showed…

Kenyan President Pledges Investment Plan in Hunt for Votes

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenya’s ruling Jubilee Party pledged to transform East Africa’s largest economy into a middle-income nation by 2022 by boosting investment in public infrastructure and technology and offering increased financing for small businesses. President Uhuru Kenyatta’s party also said it will increase the number of poor and elderly on free health care and offer free education to some primary and secondary public school students. The number of elderly receiving state grants would…

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