Hacking, Fraud Claims Threaten to Spark Kenyan Vote Crisis

Hacking, Fraud Claims Threaten to Spark Kenyan Vote Crisis

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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President Mugabe’s Party Is Said to Consider Early Zimbabwe Elections

President Mugabe’s Party Is Said to Consider Early Zimbabwe Elections

HARARE (Capital Markets in Africa ) -Zimbabwe’s ruling party is considering calling elections early next year out of concern that President Robert Mugabe’s health is worsening and disputes among his supporters could galvanize opposition efforts to form an alliance, three officials familiar with the government’s plans said. While general elections must be held constitutionally by Aug. 21 in 2018, the Zimbabwe African National Union-Patriotic Front’s chances of maintaining its more than three-decade grip on power will…

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Kenya Presidency Race Narrows, Run-Off Likely, Pollsters Say

Kenya Presidency Race Narrows, Run-Off Likely, Pollsters Say

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…

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Struggling Kenyans Headache for Kenyatta as Elections Approach

Struggling Kenyans Headache for Kenyatta as Elections Approach

NAIROBI (Capital Markets in Africa) – About two-thirds of Kenyans say they’re worse off economically, expressing concerns that should “worry” President Uhuru Kenyatta as he seeks re-election in a vote in three weeks, pollsters Ipsos and U.S-based John Zogby said. Almost half of the population cite the cost of living and hunger as the most serious problems they grapple with daily, followed by unemployment, Nairobi-based Ipsos said in an opinion poll published on Wednesday. The survey found…

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Kenyan President Pledges Investment Plan in Hunt for Votes

Kenyan President Pledges Investment Plan in Hunt for Votes

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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British Pound Slides as U.K. Vote Springs Hung Parliament Before Brexit

British Pound Slides as U.K. Vote Springs Hung Parliament Before Brexit

LONDON (Capital Markets in Africa) – The pound headed for the biggest drop in a year after it emerged that the ruling Conservative Party has fallen short of an overall majority, just 10 days before Brexit negotiations are set to begin. The currency slumped against all of its major peers as Theresa May’s Tories were set to miss the target of 326 seats needed to form a majority government, contrary to what many polls were predicting…

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Britain Votes as Narrowing Polls Indicate These Five Scenarios

Britain Votes as Narrowing Polls Indicate These Five Scenarios

LONDON (Capital Markets in Africa) – Polls are open and voting is underway in a U.K. election dominated by Brexit, austerity and in the closing phases, security. The first indications of the result will come at 10 p.m. London time, when broadcasters will release an exit poll. While such surveys have generally been accurate in the past, they are not precise and the final result will not be known until Friday morning. Prime Minister Theresa May called the snap election to…

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