Barry Callebaut, Cameroon intensify collaboration to boost cocoa supply

CAMEROON – Barry Callebaut, a global chocolate and cocoa products manufacturer, and Cameroon have signed a letter of intent to intensify the cooperation on sustainable cocoa farming in the country. The chocolate manufacturer will particularly […]

Nestlé unveils three year program to boost coffee production in Kenya

KENYA – Nestlé Kenya has unveiled a Sh23 million (US$230,000) program that seeks to boost coffee production in the Central and Western regions of the country. Njeru Ng’entu, Nestl East Africa Managing Director, said that […]

Bühler opens Cubic innovation campus after investing US$49m

SWITZERLAND – Global technology company, Buhler Group has inaugurated its CUBIC innovation campus, featuring eight application centers at its headquarters in Uzwil, Switzerland. The group has invested approximately US$49.9 million (CHF 50 million) in the […]

Olam International prices US$120 million US debt private placement

SINGAPORE – Olam International has announced that its wholly-owned subsidiary Olam Americas Inc. (“OAI”) has successfully priced a US$120 million issuance of 5-year fixed rate notes via a private placement. According to the company, proceeds […]

Milo’s Tea Company to invest US$60m in a new plant in Oklahoma, US

USA – Milo’s Tea Company is investing US$60 million in a new manufacturing and distribution center in Tulsa, Oklahoma to expand production capacity and support its continued growth. The company which makes ready-to-drink tea and […]

GEA builds instant coffee plant in Vietnam for Tata Coffee

ASIA – The German based food processing technology company has completed the construction of a new freeze-dried instant coffee plant in Vietnam for Tata Coffee Vietnam Company, a subsidiary of Tata Coffee Limited, India. The […]

Kenyan tea agency secures US$10m credit facility to improve trading operations

KENYA – The Kenya Tea Development Agency Holdings (KTDA) has secured a US$10 million (Sh1 billion) credit facility from the International Finance Corporation (IFC) to help the agricultural firm improve its tea trading operations. The […]

Tata Group to consolidate consumer goods business in corporate structuring

INDIA – Tata Group is looking to consolidate its consumer products businesses, which will be housed under one roof in a strategy the company says will help simplify corporate structure and consolidate operations in similar […]

Ghana’s leading cocoa buyer seeks US$100m to boost operations

GHANA – The Produce Buying Company (PBC) Limited, Ghana’s biggest cocoa buyer, seeks to raise US$100 million from international banks help the firm sustain its operation and settle its obligations. According to the firm’s deputy […]

Nespresso to invest US$9.8m in new strategy to revive coffee industry

USA – Nespresso has announced that it is investing US$9.8 million (CHF 10 million) in a new strategy to revive the coffee industries in selected countries across the globe. The company has launched the Reviving […]