Starbucks commits US$100m in new investment fund to support food startups

USA – The world’s leading coffee giant, Starbucks has announced that it is committing US$100 million in a new investment firm, Valor Siren Ventures I L.P. (VSV) to support growth of food and retail startup companies. The new venture fund will partner with startup technology companies with a goal to grow the next generation of…

Ugandan agro-processing firm bags Presidential exporters’ award

UGANDA - UGACOF, a Ugandan agro-processing and value-addition company, was ranked as the top exporter and winner of the 24th President Exporters’ Award for 2018. UGACOF, whose main business is coffee processing including hulling, cleaning, grading and sorting coffee beans harvested before export was declared the winner in the event organised by the Uganda Export…

Ugandan coffee processors seek direct sales to bolster earnings

UGANDA – Ugandan coffee processors have unveiled plans of trading their commodity directly with buyers, by passing the widely used auction markets, in a move to secure more earnings from the sales, reports Daily Monitor. Speaking to officials from Trade Mark East Africa at Uganda Coffee Development Authority offices in Uganda, Mr John Nuwagaba, general…

Nespresso commits US$1.2m in improving coffee capsule recycling

USA – Nestle’s Nespresso has in partnership with New York City Department of Sanitation and Sims Municipal Recycling (SMR) committed to invest US$1.2 million in improving the recycling rates of Nespresso coffee capsules. Through New York’s curbside recycling programme, Nestle targets to better sort and capture lightweight aluminium, including foil and other mixed metals, making…

Nestle introduces organic Nescafé Gold premium instant coffee variant in UK

UK – Nestle has launched its first organic premium instant coffee offering, Nescafé Gold in the UK to delight consumers with healthy, nutritious and organic beverages. The Nescafé Gold Organic will be available exclusively in Sainsbury’s and addresses the increasing consumer demand for organic products. The new variant is made with 100% organic Arabica beans…

Kenyan coffee miller eyes Italy based Illycaffe SPA in supply deal

KENYA – Kenyan based coffee miller, Meru County Coffee Millers Co-operative Union (MCCMCU), said it is seeking to sell its coffee beans to the Italy based Illycaffe SPA as it seeks to expand its operations. The miller, which trades its premium coffee beans through the Nairobi Coffee Exchange seeks the partnership with Illycaffe through direct…

Ethiopia coffee farmers seek to adopt blockchain to boost sector

ETHIOPIA – As leading coffee producers in the continent, Ethiopian coffee farmers are set to adopt blockchain technology in a bid to boost the sector as they focus to increase their share at the global market. The farmers seek to use the technology behind virtual currency, cryptocurrencies, to certify shipments of coffee in order to…

Rwanda hosts African coffee expo as it seeks to boost sector

RWANDA - Rwanda will be hosting the African Fine Coffees Conference and Exhibition, an annual event hosted in rotation in Africa’s coffee producing countries, from 12-15 February 2019. The conference is aimed at deliberating on intervention to the challenges facing the continents coffee sector as well as explore the opportunities presented by the commodity. According…

Actis gets nod to acquire Abraaj’s interest in Java House, plans US$10m investment

KENYA – The Competition Authority of Kenya (CAK) has approved the proposed acquisition of indirect control of Java’s owner, Abraaj Holdings by UK-based private equity fund Actis, reports the Nation. The coffee chain, which is also one of the leading coffee houses in the region, has unveiled plans to invest about US$10 million (Sh 1…

Nestle invests US$14m in a new coffee facility in Egypt

EGYPT – Nestlé has inaugurated a new coffee factory in Egypt for its Bonjorno brand, following an investment of US$14 million (EGP 250 million). Located in the 6th of October industrial zone, the facility sits on a 12,740 square-metre land which Nestlé says has the most advanced coffee making technologies. The new Bonjorno coffee factory…