Kenyan opposition presidential candidate Raila Odinga withdrew from a rerun of the country’s annulled presidential election.
Odinga, the leader of the National Super Alliance, said he’s pulling out of the race because the Independent Electoral & Boundaries Commission refuses to discuss proposed changes to the authority’s personnel and procedures to ensure the vote is free and fair.
“All indications are that the election scheduled for Oct. 26 will be worse than the previous one,” Odinga told reporters Tuesday in the capital, Nairobi.
Uncertainty about the rerun has unnerved investors and clouded the outlook for an economy that’s already struggling to expand because of a prolonged drought.
Kenya, East Africa’s biggest economy and the world’s largest tea exporter, is a regional hub for companies including Toyota Motor Corp. and General Electric Co. Tullow Oil Plc is among firms that may exploit an estimated 1 billion barrels of crude reserves discovered in the north of the country.