Violence in Kenya delays trading

There have been fresh clashes in Nairobi's slums

The opening of the foreign exchange market in Kenya has been delayed by two hours amid violent protests against the outcome of the presidential election.

Dealers said that currency trading would begin at 0800 GMT. It was scheduled to open at 0600 GMT.

When the markets do open, it is thought that the Kenyan shilling will decline against the US dollar as a humanitarian crisis blights the country.

The incumbent Mwai Kibaki was sworn in on Sunday, but accused of vote-rigging.

Opening of trade at Kenya's stock exchange was also delayed, while the country's weekly tea auction has been postponed until some "normality" resumes, one broker said.

Violence has broken out around Kenya with at least 250 people killed so far as political turmoil descends into an ethnic clash between Mr Kibaki's supporters and that of the opposition leader Raila Odinga.