Free Trial
SOUTH KOREA

September Trade Figures Due Tomorrow

EUROZONE ISSUANCE

EGB Supply For W/C Sept 26, 2022

BTP TECHS

(Z2) Bearish Outlook

EUROZONE T-BILL ISSUANCE

W/C Sept 26, 2022

EURJPY TECHS

Bull Cycle Extends

RATINGS

Moody’s On Italy Headlines On Friday

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Security Concerns Rise, Ruto Declared Winner Of Kenya Election

SSA

Security concerns are mounting in east Africa's largest economy, Kenya, as the declaration of results of the presidential election descends into violence.

  • The Electoral Commission has declared that Deputy President William Ruto is the winner of the election, defeating perennial presidential challenger Railia Odinga. Ruto won 50.49% of the vote against former Prime Minister Odinga's 48.85%.
  • Ahead of the announcement of the result, the deputy chairperson of the election commission and three other commissioners disowned the outcome of the elections. At a different venue from the official result announcement, the deputy commission chair stated that “We are not able to take ownership of the results that will be announced,"
  • Fighting broke out in the tallying hall ahead of the result announcement, with wires reporting that two commissioners and the head of the electoral commission had been injured, and were being treated for said injuries.
  • Kenya has seen significant violence erupt in the past following closely contested elections, with hundreds killed following the 2017 election and over 1,200 after the 2007 vote.
  • Kenya plays a pivotal role in the economy of east Africa, and is also important for broader geopolitical security around the Horn of Africa. A destabilised gov't in Nairobi risks the stability of the regional economy, and could see the security situation in neighbouring Somalia and Ethiopia deteriorate without a stable administration in place.
223 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Security concerns are mounting in east Africa's largest economy, Kenya, as the declaration of results of the presidential election descends into violence.

  • The Electoral Commission has declared that Deputy President William Ruto is the winner of the election, defeating perennial presidential challenger Railia Odinga. Ruto won 50.49% of the vote against former Prime Minister Odinga's 48.85%.
  • Ahead of the announcement of the result, the deputy chairperson of the election commission and three other commissioners disowned the outcome of the elections. At a different venue from the official result announcement, the deputy commission chair stated that “We are not able to take ownership of the results that will be announced,"
  • Fighting broke out in the tallying hall ahead of the result announcement, with wires reporting that two commissioners and the head of the electoral commission had been injured, and were being treated for said injuries.
  • Kenya has seen significant violence erupt in the past following closely contested elections, with hundreds killed following the 2017 election and over 1,200 after the 2007 vote.
  • Kenya plays a pivotal role in the economy of east Africa, and is also important for broader geopolitical security around the Horn of Africa. A destabilised gov't in Nairobi risks the stability of the regional economy, and could see the security situation in neighbouring Somalia and Ethiopia deteriorate without a stable administration in place.