Here’s what you need to know about emerging markets this week, from the WSJ
The Kenyan Supreme Court upheld Uhuru Kenyatta’s victory in a controversial presidential election, as riot police fought deadly battles with opposition supporters, Matina Stevis-Gridneff writes. The court decision put Kenyatta on track for inauguration on November 28 and another five years as president. However, opposition supporters protested the outcome, clashing with riot police in parts of Nairobi and Western Kenya, continuing street battles that have left at least 10 dead since last Friday. In a sign of investor relief, Kenya’s stock exchange had its best day since late September and the country’s dollar-denominated Eurobond rallied after the country’s top court announced it would throw out three final legal challenges to Kenyatta’s re-election. Zimbabwean President Robert Mugabe stepped down on Tuesday after ruling the Southern African country for 37 years, during which he went from toppling white-minority rule to overseeing a series of punishing economic crises, Gabriele Ste...
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