The European Union urged Kenya’s ruling Jubilee Party and the main opposition alliance to be prepared to compromise hard-line positions to allow for a credible rerun of presidential elections. “Dialogue and cooperation are urgently needed for compromises so there can be a peaceful electoral process with integrity and transparency and Kenyans can chose their president,” the EU’s elections observer mission said on Monday in an emailed statement. Uncertainty about the Oct. 26 election is unnerving investors and clouding the outlook for an economy that’s already slowing. Kenya is a regional hub for companies including Toyota Motor Corp. and could become an oil exporter with Tullow Oil Plc among firms that are likely to start exploiting an estimated 1 billion barrels of crude resources.Full Article: EU Urges Kenyan Political Talks to Break Vote-Rerun Impasse - Bloomberg.
Oct 16 2017