Kenya’s financial markets opened the week on a solid footing as investors showed rare confidence ahead of Tuesday’s looming political standoff associated with the planned swearing in of opposition leaders.
The shilling maintained its recent gains against the dollar, while the stock market was also up as a majority of stocks closed higher. Nasa leader Raila Odinga and his deputy, Kalonzo Musyoka, plan to be sworn in as the “peoples’ president and deputy” Tuesday at a public function that the police has declared illegal, setting the stage for a possible confrontation with security forces.
