Kenya: High labour costs push tea firms into profit warnings

Plantation firms Kapchorua Tea and Williamson Tea have joined a growing number of firms issuing profit warnings this year, citing high labour costs amid lower tea earnings.Troubled Pan-African housing financier Shelter Afrique has also issued a profit alert, indicating that its earnings will be hit by provisioning for bad debts. The latest round of profit…

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ACTUALITÉ AFRICAINE À TOUTE HEURE

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