Coca-Cola European Partners launches line of Espresso Monster coffee drinks

UK - Coca-Cola European Partners (CCEP) has unveiled a new line of ready-to-drink (RTD) coffee drinks under the Monster Energy portfolio as it looks to delight coffee and energy drink consumers with new products. The on-the-go coffee drinks will be available in the UK starting March in a premium ‘touch ink’ black 250ml can. They…

Nigeria’s Chellarams DMK launches new chocolate malted drink

NIGERIA - Chellarams DMK Limited, the dairy arm of Chellarams Plc in Nigeria, has launched the ‘Real Activ Chocolate Malted food drink’ adding to its Real Activ product line. Speaking during the launch of the product, Aditya Chellaram, the Chief Executive Officer, Chellarams DMK, said the product’s unique taste and nutritional profile makes it a…

Ghana’s Niche Confectionery unveils 12 new variants in its chocolate portfolio

GHANA – Niche Confectionery Limited, a chocolate manufacturer and subsidiary of Niche Cocoa Ltd Ghana, launched 12 more varieties of its Niche Chocolate products. The company said the products include; extra dark (72% cocoa), dark (56% cocoa), milk (38% cocoa) and nine milk chocolate flavours; coconut, ginger, orange, strawberry, banana, mango, lime, honey and coffee.…

Leading cocoa producer, Ivory Coast adopts new cocoa trading system

IVORY COAST – World's leading cocoa producing country, Ivory Coast, revealed that it has commenced trading its cocoa directly to the world’s top traders, switching from its previously used system- through auctions. According to the Coffee and Cocoa Council (CCC) in Ivory Coast, the country managed to sell 400, 000 tonnes of cocoa under the…

Nestle launches range of Starbucks coffee products after US$7.1b deal

SWITZERLAND – Nestle has announced the global launch of a new range of coffee products under the Starbucks brand following last year’s US$7.15 billion tie-up deal to sell Starbuck’s coffees and teas. The new range involves 24 products including whole bean and roast and ground, as well as the first-ever Starbucks capsules developed using Nespresso and Nescafé Dolce…

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…

Kenya posts highest tea earnings in five years as production increases

KENYA – Kenya’s tea farmers earned US$1.4 billion in 2018 as a result of production recorded in the year despite a decline in the average prices of the commodity at the international market.    In 2018, the tea revenues rose to the highest recorded in the past five years representing an 8.5% growth by US$110…

Private Equity firm Agri-vie acquires 36.5% stake in Jumbo Brands

SOUTH AFRICA - Agri-Vie Fund II, a private equity fund and subsidiary of EXEO, has acquired a 36.5% stake in South Africa’s non-alcoholic beverage manufacturer, Jumbo brands. Avril Stassen, Senior Partner at EXEO Capital, revealed that the firm has been eying investments into the Fast Moving Consumer Goods industry for some time now. “The continued…

Ghana seeks US$300m to prop up underperforming cocoa regulator

GHANA – Ghana has embarked on engaging lenders as it seeks to raise US$300 million in credit to support the country’s cocoa regulator, Cocoa Board (COCOBOD), which has been struggling with losses. Ghana Cocoa Board, is struggling to cover its expenses after keeping farmers’ minimum pay unchanged for three season straight, despite a decline in…

Ethiopia’s US$10bn Agro-processing parks set for completion by June

ETHIOPIA – Ethiopia is set to complete construction of its 4 pilot Integrated Agro-Processing Industrial Parks (IAIPs), an investment worth US$10 billion, by the end of June this year reports Ethiopia News Agency. The pilot agro-processing parks have been under construction since 2016 and features; a Baeker for sesame, sorghum and livestock; Bulbula for cereal…