The bitter dispute over the Kenyan presidency could have long-lasting economic repercussions, observers warn, fearing that financial turmoil could quickly derail an, until now, booming economy. Considered an investor-friendly haven of relative stability on its way to becoming an ”African Tiger”, Kenya is experiencing its worst political unrest in 25 years.
Tens of thousands of people have been forced to flee their homes amid brutal post-election violence in Kenya that had claimed at least 300 lives by Wednesday and threatens to descend into full-scale tribal conflict. On Tuesday, at least 35 children and adults sheltering in a church near the western town of Eldoret were burnt alive by an angry mob.