Costs, Drought to Curb Kenya Tea Companies’ Earnings, Daily Says

Growth in Kenyan tea companies’ earnings is expected to slow this fiscal year because of rising operational costs and the dry weather experienced at the beginning of the year, Business Daily reported.

The drought has led to lower production, the Nairobi-based newspaper reported, citing Nigel Sandys-Lemsdaine, chairman of Williamson Tea Ltd. and Kapchorua Tea Co., producers of the leaves in the East African nation.

To contact the reporter on this story: Johnstone Ole Turana in Nairobi at jturana@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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