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Mobius Says Kenya Investment Prospects Outweigh Vote Risk

Kenya’s economic prospects eclipse the risks posed by next week’s election, said Mark Mobius, the head of Templeton Emerging Markets Group.

The country on March 4 holds its first national vote since a disputed ballot in 2007 triggered clashes that killed more than 1,100 people. The unrest caused growth in East Africa’s biggest economy to slump by two-thirds to 1.5 percent in 2008 as farm output collapsed, the shilling declined 8.5 percent against the dollar and the benchmark stock index dropped 11 percent.