Kenya’s currency is trading at its highest level in 10 weeks and stocks are rallying as investors bet the East African nation will avoid a repeat of the prolonged violence that followed 2007 elections in today’s vote.
Mauritius’s SEMDEX Index gained for a second day, climbing 0.5 percent to 1,908.47 by the 1:30 p.m. close in Port Louis. That’s the highest since June 2008. Kenya’s All-Share Index snapped two days of increases, dropping 0.5 percent to 84.02 at the 3 p.m. close in Nairobi. Namibia’s FTSE/Namibia Overall Index rose for the third time in four days, climbing 0.4 percent to 863.34 by 4:34 p.m. in Windhoek. The Nigerian and Ghanaian markets were closed for public holidays today.