Tata Global bets on health to drive food and beverages segment growth

INDIA – The Indian coffee and tea major Tata Global Beverages has said that health and wellness will drive its growth in the food and beverage segment, reports ET Retail. This is in line with changing tastes and preferences among consumers, even as they turn to food items that not only offer the desired taste…

Tata Beverages to set up US$14m tea packaging unit in Odisha, India

INDIA - Tata Global Beverages (TGBL), the Indian non-alcoholic beverages company plans to set up a new tea packaging unit worth US$14.01 million in Gopalpur Industrial Park, Odisha, India, reports ET Retail. The company has entered into a letter of Intent (LOI) with Tata Steel Special Economic Zone Ltd, a wholly-owned subsidiary of Tata Steel…

Rwanda’s Sorwathe company unveils new green tea factory worth US$1.12m

RWANDA – Sorwathe company, one of the oldest tea companies in Rwanda has invested over US$1.12 million in a new green tea factory in Kinihira, Rulindo district in the country’s Northern Province. The company will exclusively produce green tea to address the growing global demand, a report by Tea With Nipun reveals. According to Sorwathe…

Nespresso partners Tinto to use 100% sustainably-sourced aluminium by 2020

SWITZERLAND - Nestlé's Nespresso brand has signed a new partnership with the European metal corporation, Rio Tinto use 100% responsibly sourced and certified aluminium in its coffee capsules by 2020. Nestle will become the first to use responsibly-sourced aluminium with the Aluminium Stewardship Initiative (ASI) certification. This is a great milestone by the coffee brand…

Africa’s agribusiness to reach US$1 trillion by 2030, industry experts

AFRICA – Africa’s agribusiness is projected to reach US$1 trillion by 2030 and this can be achieved through significant investments to unlock the industry’s potential, according to industry experts who attended the Africa Investment Forum held in South Africa. It was noted that there was need to invest US$45 billion per year to harness the…

Ghana’s COCOBOD expects cocoa production to reach 1.5MMT in 5 years

GHANA - Ghana Cocoa Board (COCOBOD) has said that it expects cocoa production to increase to 1.3 – 1.5 million metric tons within the next three-to-five years as a result of several investments made in the sector, reports GNA. According to Mr Joseph Boahen Aidoo, CEO of Ghana Cocoa Board, this will help boost export…

Kenya’s coffee and tea major Sasini CEO Stephen Githiga to resign

KENYA – Sasini Plc, one of Kenya's major tea and coffee producers has announced that the company’s board has accepted the resignation bid from its Chief Executive Officer Stephen Githiga who is expected to exit by the end of the year. According to the company statement seen by Business Daily, the CEO tendered his resignation…

Olam International earnings fall 14.2% as coffee and peanuts disappoint

SINGAPORE – Global International company, Olam International earnings declined 14.2% to US$15.05 million (S$20.7 million) in the third quarter on tough trading conditions in coffee, and lower performance from peanut business. During the period, revenue declined by 4.2% in the edible nuts, spices and vegetable ingredients (SVI) segment, hurt by lower peanut sales. Profit in…

East Africa tea exports to the rest of the world increase by 13%

EAST AFRICA - Tea export volumes from East Africa to the rest of the world have risen by 1.4 million kilogrammes, representing a 13% increase from the comparable previous year, data from the East African Tea Export Auction reveals. A latest auction report has shown that a total of 10.4 million kilogramme bags of tea were…

Uganda receives US$1.5m equipment from aBi Trust to boost coffee production

UGANDA - Agribusiness Initiative Trust (aBi), a multi-donor entity devoted to private sector agribusiness development in collaboration with the Technical Centre for Agricultural and Rural Cooperation has donated US$1.51 million worth of equipment to enhance coffee production in Uganda. According to the Monitor, the equipment included two trucks, motorcycles, scale metres, laptop computers, furniture and…