NAIROBI, Oct. 12 (Xinhua) -- The following are the news highlights in Kenyan media outlets on Thursday.
-- The electoral commission will likely invite all eight candidates who took part in the Aug. 8 presidential election to participate in the fresh poll. It will also maintain the Oct. 26 election date, according to a draft statement from the commission.
Opposition candidate Raila Odinga, who had written to the electoral commission quitting the race on Tuesday, has effectively been put back on the ballot. He will now need to formally exit the race by filling Form 24A, a process his party considers unnecessary but that they might have to go through to remove him from the election. (Daily Nation)
-- Kenya has been losing an average of 388 million U.S. dollars every year through illicit financial flows since 2011 as both government, local firms and multinationals engage in fraudulent schemes to avoid tax payments. (The Star)
-- Opposition leader Raila Odinga has explained that he did not withdraw from the election to create a political crisis to force a coalition government. But took the decision because he does not want the culture of stolen elections to continue in the country. (The Standard)
-- Commercial banks say more transparency in pricing of loans and improved efficiency will help bring down interest rates as industry lobby fights for the removal of old rate controls. (Business Daily) Enditem
