President Uhuru Kenyatta is not running due to term limits but is backing Odinga. Lawmakers and country officials will also be elected.
A number of flashpoints are on investors’ radar for the election. Deadly violence erupted after recent elections with more than 1,200 people killed after the 2007 ballot. Gergely Urmossy, emerging market strategist at Societe Generale, said a credible strategy could see Kenya regain full access to international capital markets, while a good relationship with the International Monetary Fund was key.
Odinga has pledged to renegotiate debt terms to lengthen maturities and free up cash for social interventions and development.
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