Thread by @business

Kenyan authorities began counting ballots in one of the closest presidential elections in the past three decades.

There are four contenders to succeed incumbent leader Uhuru Kenyatta, but the race is still too close to call

Latest updates: trib.al/AdGqkTw

Rising prices in Kenya coupled with an increase in excise duties has prompted East African Breweries to raise rates for its drinks. The country’s next president will need to focus on ways to reduce the cost of doing business to spur growth

Latest updates: trib.al/AdGqkTw

Kenya’s corn harvest that begins later this month will help slow Kenyan inflation by December, according to the chairman of one of the nation’s top edible-oil producers. That will be good news for the incoming president

Latest updates: trib.al/AdGqkTw

The yield on Kenya’s $2 billion of debt due in 2024 fell the most in a month while voting was under way. It was at 13.41% by late Tuesday in Nairobi and is the lowest since June 7, according to data compiled by Bloomberg.

Latest updates: trib.al/AdGqkTw

Deputy President William Ruto has about 50.6% of the vote and former Prime Minister Raila Odinga has 48.8%, with about 1.31 million ballots tallied, according to provisional results released by the Daily Nation newspaper.
Latest updates: trib.al/AdGqkTw #KenyaDecides2022

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

Follow the latest updates: trib.al/AdGqkTw #KenyaDecides2022