Excitement galore greets new products winners at the Awards ceremony

KENYA– There was excitement as the winners of the new products category were announced at the just concluded  Africa Food Industry Excellence Awards ceremony that took place on September 14, 2018 in Nairobi, Kenya. On an evening full of pomp and colour, Coca-Cola Beverages Africa, East African Breweries Ltd (EABL) and Bio Food Products showed their…

Nespresso announces long-term investment to revive Zimbabwe’s coffee industry

ZIMBABWE – Nespresso, a coffee operating unit of the Nestlé Group, has announced a long-term investment plan to revive Zimbabwe’s coffee industry and stimulate the rural economy. The company announced that it will provide training and technical assistance to 400 smallholder coffee farmers over the next five years, with the goal of increasing the country’s production…

FDA supports exemption of coffee from California’s cancer warning law

USA - The U.S. Food and Drug Administration (FDA) has said it supports the proposed regulation that exempts coffee from a Proposition 65 that demands cancer warning on a number of products. In a letter to the California Office of Environmental Health Hazard Assessment, FDA said the move follows a careful review of the most…

Coca-Cola Company to acquire Costa coffee for US$5.1b

USA - The Coca-Cola Company has announced that it has reached a definitive agreement to acquire Costa Limited, valued at US$5.1 billion, giving it a strong coffee platform across parts of Europe, Asia Pacific, the Middle East and Africa, with the opportunity for additional expansion. Costa Limited, from parent company Whitbread PLC, was founded in…

Phone-maker Xiaomi crowdfunding to launch new range of premium beverages, Pingze tea

ASIA - Xiaomi, the Chinese electronics manufacturing firm is carrying out a crowdfunding with an aim to venture into premium drinks segment with new launches of tea drinks from the brand Pingze set for this month. According to FoodNavigator Asia, Pingze tea drinks has already reached the funding target which stands at around 386% of…

Nestlé and Starbucks successfully close deal for Nestlé’s rights to market Starbucks goods

SWITZERLAND - Nestlé and Starbucks Corporation have announced the closing of the deal granting Nestlé the perpetual rights to market Starbucks Consumer Packaged Goods and Foodservice products globally, outside of the company’s coffee shops. According to Nestle, the two companies will work closely together on the existing Starbucks range of roast and ground coffee, whole…

Cadbury Nigeria records losses on rising costs despite 8% rise in revenue

NIGERIA - Cadbury Nigeria Plc, one of the largest confectionery and food drinks manufacturer has reached US$1.16mn in losses in the first half of this year amid rising costs despite high revenue which rose 8% to US$48.51mn from US$44.92mn in the comparable period of 2017, Business Post has reported. The finance income appreciated by 10.7%…

International Coffee Organization in Kenya for talks with coffee farmers

KENYA - Members of the International Coffee Organisation (ICO) are in Kenya for talks with Kenyan coffee farmers who are looking to ink direct purchase deals with top global coffee buyers. According to Business Daily, the ICO executive director Jose Sette held a meeting with Council of Governors vice chair Kirinyaga Governor Anne Waiguru and…

Starbucks debuts plant-based Protein Blended Cold Brew across the US

USA – The American coffee company and coffeehouse chain Starbucks has released its new plant-based Starbucks Protein Blended Cold Brew on menus nationwide, for customers looking for a new way to refuel. According to the company, the new beverages are offered in Almond and Cacao and are available at participating Starbucks stores across the U.S…

COCOBOD opens Shea office as government plans to set up board by 2024

GHANA - The government cocoa regulatory agency, Ghana Cocoa Board (COCOBOD) has opened a Shea Unit Office in Tamale to serve as an operational secretariat to develop the industry through supply chain in the region. Meanwhile, the government is planning to set up a Shea Development Board by 2024 in a bid to transition the…