William Ruto was declared the winner of Kenya’s presidential poll, but the outcome sparked a split in the election commission and some violent protests.

Kenya Presidential Election 2022: William Ruto declared the winner in disputed vote outcome

After nearly a week-long vote count, Kenya's electoral commission chief has now declared deputy president William Ruto as the winner of the presidential polls, this followed last minute chaos as four senior election officials distanced themselves from the final results.

Kenya's William Ruto declared President-elect amid dispute

After nearly a week-long vote count, Kenya's electoral commission chief has now declared deputy president William Ruto as the winner of the presidential polls, this followed last minute chaos as four senior election officials distanced themselves from the final results. WION's Eric Njoka gives you more insights, listen in!

Kenya's Ruto declared as President, 4 of 7 electoral commission members refuse to endorse results

Kenya: Police use tear gas on protesters as William Ruto wins presidential election

According to the latest count, Deputy President William Ruto has a narrow lead over ex-Prime Minister Raila Odinga. The results of Kenya's much-awaited presidential election will be known shortly.

WION Dispatch: William Ruto ahead in Kenya's presidential race

The results of Kenya's much-awaited presidential election will be known shortly. According to the latest count, Deputy President William Ruto has a narrow lead over ex-Prime Minister Raila Odinga.

Kenya Presidential Election 2022: William Ruto takes slight lead over Raila Odinga

Waste pickers at Kenya's Dandora dumpsite are going through some severe health issues like cancer and infertility. On a daily basis nearly about 10,000 women and children work through the garbage each day.

Kenya: Toxic dump affects reproductive health of waste pickers

Kenya is anxiously waiting for its next president with almost about half of the results for the presidential elections now having been confirmed. The two main candidates Ruto and Odinga are running neck and neck.

WION Fineprint| Kenya Presidential race: Ruto takes lead over Odinga

Official election results for Kenya’s presidential elections showed that veteran opposition leader Raila Odinga has won. As per the Election Commission, with just over 26 per cent of votes, Odinga had 54 per cent and his opponent, William Ruto, had 45 per cent, pushing him to second position.

Both candidates are in close competition to succeed President Uhuru Kenyatta, who has served his two-term tenure.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/a-tense-kenya-awaits-results-of-a-crucial-election-506554">A tense Kenya awaits results of a crucial election</a>

The election commission chairman, Wafula Chebukati, has been criticising the party agents for getting involved in the results before they include the final totals. He said, "Agents in this exercise cannot proceed ... as if we are doing a forensic audit," he told a news briefing on Friday. Chebukati further added, "We are not moving as fast as we should. This exercise needs to be concluded as soon as possible," Reuetrs reported.

Also read |&nbsp;<a href="https://www.wionews.com/world/first-rigging-allegation-as-kenyan-media-slow-tally-of-votes-in-tight-presidential-race-506343">First rigging allegation as Kenyan media slow tally of votes in tight presidential race</a>

Reuters and many other media outlets have been tallying results forms from 291 constituencies from the commission’s website. As per Reuters tally, who counted till 241 forms, showed that Ruto had nearly 52.3 per cent of the vote in comparison to Odinga who had 47 per cent. The remaining 30 forms weren’t included because of the missing authentic details such as signatures, totals and constituency names. The two candidates had less than 1 per cent between them.

According to Kenyan election rules, the forms must be physically transported to the national tallying centre so that the representatives can check them for any irregularities. This procedure is regarded safe and to avoid any sort of violence that occurred earlier in 2017 and 2007 elections.

Currently, the public still awaits official vote tabulation.

(With inputs from agenices)

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Official election results for Kenya’s presidential elections showed that veteran opposition leader Raila Odinga has won. As per the Election Commission, with just over 26 per cent of votes, Odinga had 54 per cent and his opponent, William Ruto, had 45 per cent, pushing him to second position.

Official election results for Kenya’s presidential elections showed that veteran opposition leader Raila Odinga has won. As per the Election Commission, with just over 26 per cent of votes, Odinga had 54 per cent and his opponent, William Ruto, had 45 per cent, pushing him to second position. Both candidates are in close competition to succeed President Uhuru Kenyatta, who has served his two-term tenure. Also read | A tense Kenya awaits results of a crucial election The election commission chairman, Wafula Chebukati, has been criticising the party agents for getting involved in the results before they include the final totals. He said, "Agents in this exercise cannot proceed ... as if we are doing a forensic audit," he told a news briefing on Friday. Chebukati further added, "We are not moving as fast as we should. This exercise needs to be concluded as soon as possible," Reuetrs reported. Also read | First rigging allegation as Kenyan media slow tally of votes in tight presidential race Reuters and many other media outlets have been tallying results forms from 291 constituencies from the commission’s website. As per Reuters tally, who counted till 241 forms, showed that Ruto had nearly 52.3 per cent of the vote in comparison to Odinga who had 47 per cent. The remaining 30 forms weren’t included because of the missing authentic details such as signatures, totals and constituency names. The two candidates had less than 1 per cent between them. According to Kenyan election rules, the forms must be physically transported to the national tallying centre so that the representatives can check them for any irregularities. This procedure is regarded safe and to avoid any sort of violence that occurred earlier in 2017 and 2007 elections. Currently, the public still awaits official vote tabulation. (With inputs from agenices) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Kenya election 2022: Opposition leader Raila Odinga leads the race

Kenya went to polls on Tuesday, people voted to elect a new president but it's three days since and there is no news over who the next president is likely to be. The Kenya's Election Commission has neither released a running tally of the results.

Kenyans anxiously await poll results | Tight race between Odinga and Ruto

Taiwan's foreign ministry extended its &nbsp;gratitude to the United States for taking "concrete actions" to uphold security and stability in the Taiwan Strait and the surrounding area. Amid speculations over Salman Rushdie's attack in New York, the Hezbollah has denied any involvement. Separately, the Chinese 'research' vessel that has been granted entry in Sri Lanka, despite India's reluctance has raised several questions over China's hidden intentions.&nbsp;

Click on the headlines to read more:

<meta charset="utf-8" /><a href="https://www.wionews.com/world/taiwan-expressed-sincere-gratitude-to-united-states-for-maintaining-security-in-taiwan-strait-506568">Taiwan expresses ‘sincere gratitude’ to United States for maintaining security in Taiwan Strait</a>

<img alt="Taiwan's President" data-entity-type="file" data-entity-uuid="8b4e5e31-74aa-4cfb-bf6a-eb1c4ad2d1dd" src="//cdn.wionews.com/sites/default/files/inline-images/54GIWRKQKVJFHPKDESYWD5ZXWI.jpg" />

Taiwan's foreign ministry extended "sincere gratitude" to the US for taking "concrete actions" to uphold security and stability in the Taiwan Strait and the surrounding area. Kurt Campbell, the U.S. representative for the Indo-Pacific, claimed on Friday that China had "overreacted" to Nancy Pelosi's visit to Taiwan, which sparked days of war games by Beijing around the island, which China considers to be its own territory.

<meta charset="utf-8" /><a href="https://www.wionews.com/world/chinese-research-vessel-given-entry-in-sri-lanka-despite-indias-concerns-that-it-is-dual-use-spy-ship-506483">Chinese 'research' vessel given entry in Sri Lanka despite India's concerns that it is dual-use spy ship</a>

<img alt="Chinese spy ships" data-entity-type="file" data-entity-uuid="93dc44b5-4268-443c-af6b-650a4b10c507" src="//cdn.wionews.com/sites/default/files/inline-images/5e131cafa310cf3e97af5236.jpeg" />

Despite India's worries that it would spy on New Delhi's military facilities, authorities said Sri Lanka's government on Saturday authorised a contentious Chinese research vessel to visit the island. International shipping and analytics websites refer to the Yuan Wang 5 as a research and survey vessel, however, Indian media describes it as a dual-purpose espionage ship.

<meta charset="utf-8" /><a href="https://www.wionews.com/world/hezbollah-official-claims-the-organisation-is-unaware-of-the-attack-on-rushdie-506558">Hezbollah official claims the organisation is unaware of the attack on Rushdie</a>

<img alt="Rushdie being air-lifted" data-entity-type="file" data-entity-uuid="fc2d2f97-2051-4e5c-975b-5617c7b94593" src="//cdn.wionews.com/sites/default/files/inline-images/Z2WC2DPUAFOCFKTJ66SIEYF5ZA.jpg" />

Hezbollah, a Lebanese military group supported by Iran, claimed to have no additional&nbsp;information on the stabbing of author&nbsp;<a href="https://www.wionews.com/photos/after-satanic-verses-controversy-salman-rushdies-life-in-hiding-beyond-506410#salman-rushdies-midnights-children-&amp;-the-satanic-verses-506388">Salman Rushdie</a>&nbsp;on Saturday, according to a group official.

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Provisional results indicate a close contest between frontrunners William Ruto and Raila Odinga, but disputes over earlier presidential ballots have been followed by deadly violence, fueling unease.

<meta charset="utf-8" />

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Fox News is facing flak for airing a fake image of the federal judge who signed off on the warrant allowing FBI agents to search former president Donald Trump's Mar-a-Lago.

<meta charset="utf-8" /><a href="https://www.wionews.com/sports/russia-us-in-talks-over-merchant-of-death-for-basketballer-brittny-griner-moscow-506538">Russia, US in talks over 'Merchant of Death' swap for basketballer Brittney Griner: Moscow</a>

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The US and Russia are discussing a prisoner exchange that would involve trading a notorious Russian arms trafficker for an American basketball star, a Russian diplomat said on Saturday. It marked the first time that Russia said that the talks concerned exchanging Viktor Bout, known as the "Merchant of Death," for two-time Olympian Brittney&nbsp;Griner.

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Kim Jong-Un's regime lifted the mask mandate after North Korea's state media declared&nbsp;"victory" against COVID-19.

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Bottled water is flying off the shelves fast across major supermarkets in the UK, as people are panic buying amidst the worst-ever drought in the country’s history on the back of a severe heatwave.

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Taiwan's foreign ministry extended its gratitude to the United States for taking "concrete actions" to uphold security and stability in the Taiwan Strait and the surrounding area.

Taiwan's foreign ministry extended its gratitude to the United States for taking "concrete actions" to uphold security and stability in the Taiwan Strait and the surrounding area. Amid speculations over Salman Rushdie's attack in New York, the Hezbollah has denied any involvement. Separately, the Chinese 'research' vessel that has been granted entry in Sri Lanka, despite India's reluctance has raised several questions over China's hidden intentions. Click on the headlines to read more: Taiwan expresses ‘sincere gratitude’ to United States for maintaining security in Taiwan Strait Taiwan's foreign ministry extended "sincere gratitude" to the US for taking "concrete actions" to uphold security and stability in the Taiwan Strait and the surrounding area. Kurt Campbell, the U.S. representative for the Indo-Pacific, claimed on Friday that China had "overreacted" to Nancy Pelosi's visit to Taiwan, which sparked days of war games by Beijing around the island, which China considers to be its own territory. Chinese 'research' vessel given entry in Sri Lanka despite India's concerns that it is dual-use spy ship Despite India's worries that it would spy on New Delhi's military facilities, authorities said Sri Lanka's government on Saturday authorised a contentious Chinese research vessel to visit the island. International shipping and analytics websites refer to the Yuan Wang 5 as a research and survey vessel, however, Indian media describes it as a dual-purpose espionage ship. Hezbollah official claims the organisation is unaware of the attack on Rushdie Hezbollah, a Lebanese military group supported by Iran, claimed to have no additional information on the stabbing of author Salman Rushdie on Saturday, according to a group official. A tense Kenya awaits results of a crucial election Provisional results indicate a close contest between frontrunners William Ruto and Raila Odinga, but disputes over earlier presidential ballots have been followed by deadly violence, fueling unease. Fox News faces flak for airing doctored pic of judge who ordered raid at Trump’s house Fox News is facing flak for airing a fake image of the federal judge who signed off on the warrant allowing FBI agents to search former president Donald Trump's Mar-a-Lago. Russia, US in talks over 'Merchant of Death' swap for basketballer Brittney Griner: Moscow The US and Russia are discussing a prisoner exchange that would involve trading a notorious Russian arms trafficker for an American basketball star, a Russian diplomat said on Saturday. It marked the first time that Russia said that the talks concerned exchanging Viktor Bout, known as the "Merchant of Death," for two-time Olympian Brittney Griner. North Korea lifts mask mandate after 'victory' over COVID-19 Kim Jong-Un's regime lifted the mask mandate after North Korea's state media declared "victory" against COVID-19. UK stores limit purchase of bottled water as people empty shelves amid drought Bottled water is flying off the shelves fast across major supermarkets in the UK, as people are panic buying amidst the worst-ever drought in the country’s history on the back of a severe heatwave. Medusa festival: One killed as strong winds cause stage to collapse in Spain High winds at a festival in Spain caused sections of a stage to fall, leaving one person dead and at least 40 others injured. Watch | Ukrainians use 3D tech to preserve the heritage as volunteers scan buildings and monuments

Top 10 world news: Taiwan expresses 'sincere gratitude' to the US, Kenyan elections and more

Kenya went to polls on Tuesday, and people voted to elect a new president but it's been several days since and there is no news over who the next president is likely to be. Kenya's Election Commission has neither released a running tally of the results.

Kenya Presidential polls: Raila Odinga is leading the Presidential race

Without providing any proof, the secretary-general of Kenya's governing party has said there was election rigging, fuelling public anxiety on Friday as media outlets significantly slowed down their unofficial tallies from Tuesday's tight vote.

Only the electoral commission is authorised to declare a winner, but the tallies done by media were seen as a bulwark against the kind of rigging allegations that have previously sparked violence.

While Kenya is East Africa's richest and most stable nation it also has a history of violent elections disputes. More than 1,200 people were killed after the 2007 elections and more than 100 after the 2017 elections.

The race is to succeed President Uhuru Kenyatta, who must step down after serving the maximum two five-year terms. Leading contenders are former political prisoner and veteran opposition leader Raila Odinga and Deputy President William Ruto. Kenyatta has fallen out with Ruto and endorsed Odinga.

Media tallies, which had nearly stopped by Friday morning, showed Odinga and Ruto neck and neck, just under the 50% mark they needed to win. Less than a percent was divided between two other marginal candidates.

If no candidate wins more than 50% plus one vote, the two frontrunners will have a run-off.

On Friday, the election commission chairman Wafula Chebukati blamed party agents for the slow pace of the official count, which has not yet topped 1.5% of the vote.

“Agents in this exercise cannot proceed in the manner which we are proceeding, as if we are doing a forensic audit,” he told a news briefing at the tallying centre.

“We are not moving as fast as we should. This exercise needs to be concluded as soon as possible.”

RIGGING CLAIM

Late on Thursday, the chairman of Kenyatta's Jubilee party, which has backed Odinga, issued a statement alleging "massive subtle rigging" and claiming the "electoral process was highly compromised" after Ruto's new party made a strong showing in an area traditionally dominated by Kenyatta.

The statement alleged voter intimidation, bribery, illegal display&nbsp;of campaign materials in polling station, mishandling of party agents and incorrect use of election materials. It provided no evidence and did not explain why the allegations had been made so late. Reuters could not reach party officials for comment.

International observers have generally praised the proceedings in the elections.

Previous elections have largely been determined by ethnic voting blocs. But Ruto has sought to make this election about economics, portraying himself as a self-made "hustler" in contrast to political "dynasties". Odinga and Kenyatta are the sons of Kenya's first vice president and president, respectively.

Ian Dan, a parcel service attendant in the main bus park in Odinga's stronghold of Kisumu, said business was very slow.

"We are in darkness and this is not good for us. People are anxious and need to have a clear picture," he said. "There are allegations of rigging flying in social media, but many people are waiting to hear from Raila Odinga or William Ruto. Their word will influence people's reaction."

MEDIA SLOWDOWN

The electoral commission is the only body legally authorised to declare a winner. It initially uploaded images of results forms from more than 46,000 polling stations, but had not tallied them. Instead, media houses employed teams to download forms and enter them into a database.

More than 99.7% of polling station results are in but thousands have not been counted by the media. The abrupt slowdown started when around 80% of the vote had been counted.

Prominent Kenyan columnist and cartoonist Patrick Gathara criticised the slowdown, tweeting: "So once again KE media have chickened out and have stopped updating their counts? It was too good to last."

But executives from Citizen and Nation media groups said exhausted staff needed a rest.

"Now we have about a third of people working that we started with and we intend to pick up pace in the next few hours when the rest of the team come back," said Linus Kaikai, director of strategy at Citizen.

Stephen Gitagama, the CEO of Nation Media group, said his staff also needed a rest and that they focused on quality control. He referred Reuters to the election commission, known as the IEBC.

"IEBC bears the responsibility of providing the results, not the media," he said.

On Friday morning, the election commission displayed an official count of presidential results on a board at the main tallying center. It had counted 1.5% of the vote.

The commission has seven days to announce a winner.

At 1100 GMT, a Reuters tally of 199 out of 291 constituency-level results had Ruto leading by 52.44% and Odinga at 46.89%. Fifteen constituency-level results images were unreadable or lacked totals.

Without providing any proof, the secretary-general of Kenya's governing party has said there was election rigging, fuelling public anxiety on Friday as media outlets significantly slowed down their unofficial tallies from Tuesday's tight vote.

Without providing any proof, the secretary-general of Kenya's governing party has said there was election rigging, fuelling public anxiety on Friday as media outlets significantly slowed down their unofficial tallies from Tuesday's tight vote. Only the electoral commission is authorised to declare a winner, but the tallies done by media were seen as a bulwark against the kind of rigging allegations that have previously sparked violence. While Kenya is East Africa's richest and most stable nation it also has a history of violent elections disputes. More than 1,200 people were killed after the 2007 elections and more than 100 after the 2017 elections. The race is to succeed President Uhuru Kenyatta, who must step down after serving the maximum two five-year terms. Leading contenders are former political prisoner and veteran opposition leader Raila Odinga and Deputy President William Ruto. Kenyatta has fallen out with Ruto and endorsed Odinga. Media tallies, which had nearly stopped by Friday morning, showed Odinga and Ruto neck and neck, just under the 50% mark they needed to win. Less than a percent was divided between two other marginal candidates. If no candidate wins more than 50% plus one vote, the two frontrunners will have a run-off. On Friday, the election commission chairman Wafula Chebukati blamed party agents for the slow pace of the official count, which has not yet topped 1.5% of the vote. “Agents in this exercise cannot proceed in the manner which we are proceeding, as if we are doing a forensic audit,” he told a news briefing at the tallying centre. “We are not moving as fast as we should. This exercise needs to be concluded as soon as possible.” RIGGING CLAIM Late on Thursday, the chairman of Kenyatta's Jubilee party, which has backed Odinga, issued a statement alleging "massive subtle rigging" and claiming the "electoral process was highly compromised" after Ruto's new party made a strong showing in an area traditionally dominated by Kenyatta. The statement alleged voter intimidation, bribery, illegal display of campaign materials in polling station, mishandling of party agents and incorrect use of election materials. It provided no evidence and did not explain why the allegations had been made so late. Reuters could not reach party officials for comment. International observers have generally praised the proceedings in the elections. Previous elections have largely been determined by ethnic voting blocs. But Ruto has sought to make this election about economics, portraying himself as a self-made "hustler" in contrast to political "dynasties". Odinga and Kenyatta are the sons of Kenya's first vice president and president, respectively. Ian Dan, a parcel service attendant in the main bus park in Odinga's stronghold of Kisumu, said business was very slow. "We are in darkness and this is not good for us. People are anxious and need to have a clear picture," he said. "There are allegations of rigging flying in social media, but many people are waiting to hear from Raila Odinga or William Ruto. Their word will influence people's reaction." MEDIA SLOWDOWN The electoral commission is the only body legally authorised to declare a winner. It initially uploaded images of results forms from more than 46,000 polling stations, but had not tallied them. Instead, media houses employed teams to download forms and enter them into a database. More than 99.7% of polling station results are in but thousands have not been counted by the media. The abrupt slowdown started when around 80% of the vote had been counted. Prominent Kenyan columnist and cartoonist Patrick Gathara criticised the slowdown, tweeting: "So once again KE media have chickened out and have stopped updating their counts? It was too good to last." But executives from Citizen and Nation media groups said exhausted staff needed a rest. "Now we have about a third of people working that we started with and we intend to pick up pace in the next few hours when the rest of the team come back," said Linus Kaikai, director of strategy at Citizen. Stephen Gitagama, the CEO of Nation Media group, said his staff also needed a rest and that they focused on quality control. He referred Reuters to the election commission, known as the IEBC. "IEBC bears the responsibility of providing the results, not the media," he said. On Friday morning, the election commission displayed an official count of presidential results on a board at the main tallying center. It had counted 1.5% of the vote. The commission has seven days to announce a winner. At 1100 GMT, a Reuters tally of 199 out of 291 constituency-level results had Ruto leading by 52.44% and Odinga at 46.89%. Fifteen constituency-level results images were unreadable or lacked totals.

First rigging allegation as Kenyan media slow tally of votes in tight presidential race

Kenya went to polls on Tuesday, they voted to select a new President but three days on and there is no news on who the next president might be.

Kenyans anxiously await poll results, tight race between Odinga and Ruto

Kenya went to polls on Tuesday, they voted to select a new President but three days on and there is no news on who the next president might be. Here we bring you this report!

Kenya Presidential Polls: Election Commission yet to announce who is leading race

Watch World of Africa with Erik Njoka - Kenya votes for a new President - Demons of drought in horn of Africa - Hearing impaired news anchors - Breaking the prejudice - Africa's unique snow attraction

World of Africa: Decoding Kenya Presidential elections 2022

Kenya has gone to polls to elect its next President. The frontrunners are Raila Odinga & William Samoei Ruto. The vote was held on Tuesday, the results will be out in a week. Why do these elections matter? Palki Sharma explains.

Gravitas: Kenya Elections 2022: All you need to know

Kenyan's are waiting eagerly as the counting for the Presidential elections is underway. Preliminary results show tight race between Raila Odinga and William Ruto. WION in an interview with Leon Ssenyahge, correspondant from Kampala, Uganda.

Counting underway in Kenya elections

Deputy President William Ruto took an early lead in the race to become Kenya’s next president, as the authorities continue counting ballots after Tuesday’s election.

Vote counting underway in Kenya after peaceful Presidential polls

World Of Africa decodes the polls in East Africa's powerhouse and the impact of the election outcome.

World Of Africa: Post poll analysis of Kenya Presidential election 2022

Understanding the history, aspirants, challenges of Kenya's 2022 general elections.

World Of Africa: Kenya votes for a new President

Kenya is gearing up for the Presidential election in the country. William Ruto and Raila Odinga are frontrunners in the race. The race is close and could go to a runoff for the first time.

Kenya prepares for Presidential election: Why are young Kenyans shunning poll hype?

In a highly contested election pitting Deputy President William Ruto against veteran opposition leader Raila Odinga, millions of Kenyans will cast their votes for a new president on Tuesday. Due to term limits, President Uhuru Kenyatta is not running, but he supports Odinga. There will also be elections for lawmakers and national leaders. Odinga led by 6–8 points in the final four surveys released last week, but Ruto rejected them as false and intended to manipulate the public.

What is at stake?

Kenya, one of the continent's most developed nations, houses the regional headquarters of multinational corporations like Alphabet and Visa and serves as a commercial gateway for East and Central Africa. Some of the most frequently traded assets on the continent by foreign investors include its equities, bonds, and shilling currency. Several election-related flashpoints are on the minds of investors. More than 1,200 people were killed after the 2007 election as a result of recent outbreaks of deadly violence.

Also Read:&nbsp;<a href="https://www.wionews.com/photos/in-pics-rare-pictures-from-1945-on-hiroshima-day-77-years-since-world-war-ii-atomic-bombings-504404">IN PICS | Rare pictures from 1945 on Hiroshima Day; 77 years since World War II atomic bombings</a>

The overall picture appears to be difficult: as an energy importer, Kenya has been hit hard by the rise in crude oil prices. Kenya's borrowing costs are growing, similar to those of other developing nations, as the U.S. Federal Reserve and other important central banks raise interest rates to curb inflation. The premium that investors demand Kenya's hard-currency debt over safe-haven U.S. Treasuries has decreased from over 1,400 basis points in mid-July, but it is still above 1,000 bps, which is considered to be dangerous.

What are the markets looking at?

Fiscal accounts, the balance of payments, and central bank reserves are being attentively examined by the markets. Kenya's financial situation has long been a source of vulnerability due to its current account and fiscal deficits. A strong partnership with the International Monetary Fund was essential, according to Societe Generale's emerging market strategist Gergely Urmossy, who claimed that Kenya could regain full access to global financial markets with a convincing plan.

Difference between Odinga and Ruto

The two leading candidates have made varying commitments about important policy concerns like addressing financial problems, creating jobs, and social expenditures. Odinga has promised to renegotiate debt arrangements in order to extend maturities and free up money for development and social programmes. According to Sthembiso E. Nkalanga of JPMorgan, the goal of restructuring debt to stretch maturities could be directed at domestic debt servicing, which has been greater than servicing of international debt. In order to spur economic growth and produce income, Ruto promises to cut back on borrowing and support small businesses.

What about the local investors?

The economic ideas of Odinga and Ruto are different, with Odinga arguing for stronger social safeguards and Ruto promising to support small businesses. Investors in the area are optimistic: In the central bank's July market perception poll, which included all corporate leaders, three-quarters of them expressed optimism, up from just a third in the survey conducted five years prior. This is a result of political stability brought about by outgoing President Kenyatta's March 2018 agreement with his bitter foe Odinga.

(with inputs from agencies)

In a highly contested election pitting Deputy President William Ruto against veteran opposition leader Raila Odinga, millions of Kenyans will cast their votes for a new president on Tuesday.

In a highly contested election pitting Deputy President William Ruto against veteran opposition leader Raila Odinga, millions of Kenyans will cast their votes for a new president on Tuesday. Due to term limits, President Uhuru Kenyatta is not running, but he supports Odinga. There will also be elections for lawmakers and national leaders. Odinga led by 6–8 points in the final four surveys released last week, but Ruto rejected them as false and intended to manipulate the public. What is at stake? Kenya, one of the continent's most developed nations, houses the regional headquarters of multinational corporations like Alphabet and Visa and serves as a commercial gateway for East and Central Africa. Some of the most frequently traded assets on the continent by foreign investors include its equities, bonds, and shilling currency. Several election-related flashpoints are on the minds of investors. More than 1,200 people were killed after the 2007 election as a result of recent outbreaks of deadly violence. Also Read: IN PICS | Rare pictures from 1945 on Hiroshima Day; 77 years since World War II atomic bombings The overall picture appears to be difficult: as an energy importer, Kenya has been hit hard by the rise in crude oil prices. Kenya's borrowing costs are growing, similar to those of other developing nations, as the U.S. Federal Reserve and other important central banks raise interest rates to curb inflation. The premium that investors demand Kenya's hard-currency debt over safe-haven U.S. Treasuries has decreased from over 1,400 basis points in mid-July, but it is still above 1,000 bps, which is considered to be dangerous. What are the markets looking at? Fiscal accounts, the balance of payments, and central bank reserves are being attentively examined by the markets. Kenya's financial situation has long been a source of vulnerability due to its current account and fiscal deficits. A strong partnership with the International Monetary Fund was essential, according to Societe Generale's emerging market strategist Gergely Urmossy, who claimed that Kenya could regain full access to global financial markets with a convincing plan. Difference between Odinga and Ruto The two leading candidates have made varying commitments about important policy concerns like addressing financial problems, creating jobs, and social expenditures. Odinga has promised to renegotiate debt arrangements in order to extend maturities and free up money for development and social programmes. According to Sthembiso E. Nkalanga of JPMorgan, the goal of restructuring debt to stretch maturities could be directed at domestic debt servicing, which has been greater than servicing of international debt. In order to spur economic growth and produce income, Ruto promises to cut back on borrowing and support small businesses. What about the local investors? The economic ideas of Odinga and Ruto are different, with Odinga arguing for stronger social safeguards and Ruto promising to support small businesses. Investors in the area are optimistic: In the central bank's July market perception poll, which included all corporate leaders, three-quarters of them expressed optimism, up from just a third in the survey conducted five years prior. This is a result of political stability brought about by outgoing President Kenyatta's March 2018 agreement with his bitter foe Odinga. (with inputs from agencies)

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