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Kenya: Economy Shivers as Politics Takes Main Stage Again
Nation, 11 September 2017
The Supreme Court ruling that nullified President Uhuru Kenyatta's re-election immediately hit headlines across the globe, with ripple effects on local and foreign investors. Read more »
Kenya's Economy Shivers as Politics Takes Main Stage Again
The Supreme Court's decision to nullify Uhuru Kenyatta's re-election has come with a negative impact on businesses that were emerging from a slow down that is usually related to Kenya's election cycle with the Nairobi Securities Exchange reportedly plummetting by over U.S.$800 Million by close of that Friday as investors scampered to cover their positions. Kenyatta has however assured businesses of a conducive environment for business, stating that the country is politically stable.
President Uhuru Kenyatta speaks during a meeting with members of the Kenya Private Sector Alliance at State House, Nairobi.
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