Browsing: presidential election

Stock market defies disputes over presidential poll results

Trading took place on Monday before Deputy President William Ruto was confirmed the winner of the presidential election, which occurred amidst scenes of chaos and the rejection of the results by four election agency commissioners.

As a result of Odinga’s pledge to legally contest the election results, it is possible that it could be several weeks before a new president is inaugurated into office. This has sparked worries of unrest against the backdrop of rapidly increasing food prices and massive levels of public debt.

Analysts had predicted that there would be a sell-off of shares, which was anticipated to drag the NSE down to new lows.…