Kenya’s Supreme Court on Friday nullified the outcome of the country’s August presidential election saying the exercise was compromised and not conducted according the law and ordered fresh elections within 60 days.
Briefly after the decision by court, the Kenyan shilling weakened by 0.3% against the greenback, while the country’s stock market fell sharply by 9.71% forcing the Nairobi Securities Exchange to halt trading for more than 30 Minutes.
Tweets from Our Timeline;
Kenya's Chief Justice Maraga " The court is satisfied that the irregularities affected the outcome of the presidential elections."
— Kenyanwallstreet (@kenyanwalstreet) September 1, 2017
BREAKING…
Kenya's Supreme Court nullifies Presidential elections, orders IEBC to conduct another Presidential elections within 60 Days pic.twitter.com/aP5Ght7tM9— Kenyanwallstreet (@kenyanwalstreet) September 1, 2017
BREAKING NEWS…
Kenya's Stock Market Plunges By A Massive 9.71% After Supreme Court Nullifies Presidential Elections pic.twitter.com/2s75jEAcnS
— Kenyanwallstreet (@kenyanwalstreet) September 1, 2017
Kenya's Opposition says they will push for the UN to conduct the fresh elections, adds that they can not trust the IEBC.
— Kenyanwallstreet (@kenyanwalstreet) September 1, 2017
Kenya's Stock Market Right Now…. https://t.co/rLlFaKpTAR via @Nutcracker_Live pic.twitter.com/T9aZpUe3Tn
— Kenyanwallstreet (@kenyanwalstreet) September 1, 2017
BREAKING…
Nairobi Securities Exchange HALTS Trading due to severe crash on most counters after Supreme Court Ruling
— Kenyanwallstreet (@kenyanwalstreet) September 1, 2017
In less than 10 Minutes, over Ksh 50 Billion was lost at the Nairobi Securities Exchange
— Kenyanwallstreet (@kenyanwalstreet) September 1, 2017
Trading Resumes at the Nairobi Securities Exchange
— Kenyanwallstreet (@kenyanwalstreet) September 1, 2017
Follow The Markets Live via Nutcracker Portal
