Kenya: Elections still too close to call (and implications)

  • Odinga leads with c50% of the vote in 2 of 3 preliminary media tallies, with risk of a run-off still very high

  • Limited violence and irregularities so far, but temperature will remain high given extremely tight race

  • Ruto victory would be preferred outcome for bonds, but outlook should improve with elections in rear-view; retain Buy

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