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HomeDaily NewsThursday, June 12, 2025Economic and Environmental Challenges in Various Regions
Business & Economy2 stories from 1 sources

Economic and Environmental Challenges in Various Regions

Kenya faces reduced tea output due to bad weather; UK economy shrinks amid tax raises and tariffs.

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Thursday 8:40 AMCapital BusinessFirst

Bad weather cuts Kenya’s tea output by 19pc in Q1 2025

Bad weather cuts Kenya’s tea output by 19pc in Q1 2025

Kenya's tea production faced a significant decline of 18.8 percent in the first quarter of 2025 due to unfavorable weather, according to the Tea Board of Kenya (TBK).

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Key Highlights

Kenya's tea production faced a significant decline of 18.8 percent in the first quarter of 2025 due to unfavorable weather, according to the Tea Board of Kenya (TBK).

  • The country produced 136.91 million kilograms of tea, down from 168.76 million kilograms in 2024.
  • The TBK oversees tea marketing in Kenya and anticipates lower annual output as a result of these conditions.
  • Revenue from tea exports also fell by 20 percent, totaling 46.07 billion shillings (about 361 million U.S. dollars).
Thursday 10:49 AMCapital Business

UK economy shrank in April as tax rises and US tariffs kicked in

UK economy shrank in April as tax rises and US tariffs kicked in

The UK economy contracted by 0.3% in April, largely due to increased taxes and tariffs imposed by the US, significantly impacting exports.

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Key Highlights

The UK economy contracted by 0.3% in April, largely due to increased taxes and tariffs imposed by the US, significantly impacting exports.

  • The contraction exceeded economists' expectations of a 0.1% decline.
  • Chancellor Rachel Reeves expressed determination to stimulate economic growth despite the disappointing figures.
  • Monthly growth may be volatile, but the more stable three-month figure showed an increase of 0.7%.
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