Kenya Election Concerns Put New Oil Investments on Hold

Reuters reported that potential oil investors are holding back to see the results of Kenya’s presidential elections next week, on concerns about instability and policy changes.

As quoted in the market news:

With President Mwai Kibaki barred from a third term, Kenya’s forthcoming change in leadership is also creating concerns that the government may alter contractual terms. Promising discoveries have given east African governments an advantage in negotiations.

Click here to read the full Reuters report.