Tanganda Tea reports decline in production amidst challenging operating environment

ZIMBABWE – Zimbabwe’s largest grower and producer of tea and coffee, Tanganda Tea Company Limited – a subsidiary of Meikles Limited – reported a decline in bulk tea production during the third quarter and nine […]

Amorepacific Group opens green tea probiotics research center in Seoul

SOUTH KOREA – Amorepacific R&D Center, the research arm of South Korea headquartered Amorepacific Group, has opened the Green Tea Probiotics Research Center in Seoul to expand globally competitive microorganism research in green tea as […]

Declining sales dent Kraft Heinz growth as turnaround plan expected to take time

USA – The Kraft Heinz Company reported a 5.1% decline in net sales to US$6.5 billion in the full 2019 financial year as the company continue to struggle with heightened competition from private-label brands. The […]

Ronnoco Beverage Solutions acquires dispensed beverage provider Trident Beverage

USA – Ronnoco Beverage Solutions, a leading beverage solutions provider for convenience store, foodservice, hospitality and office categories, has acquired Trident Beverage, for an undisclosed sum. Established in 2004, Houston-based Trident Beverage is a dispensed […]

Capital Markets Authority to regulate sale of coffee in Kenya

KENYA – Coffee trading in Kenya will now be regulated by the Capital Markets Authority (CMA) as the Treasury moves to tame cartels, who have been blamed for diminishing earnings by farmers. Draft regulations published […]

Unilever achieves 2.9% growth in full year sales, plans review of global tea business

UK – Multinational consumer goods company, Unilever has released its financial results for the full-year 2019 which shows an underlying sales growth of 2.9% and a turnover increase of 2%. The growth was led by […]

Nestlé and Starbucks introduce new range of coffee in the US

USA – Nestlé and Starbucks have releases a new range of Starbucks coffee products that will be available in grocery stores in the U.S. starting February 2020. The new line-up which includes; Cold Brew concentrate, […]

Nestlé launches new on-site coffee roasting solution ‘Roastelier’

SWITZERLAND – Nestlé has launched the ‘Roastelier’, a compact coffee-roasting solution that the food and beverage company said will allow baristas to unlock and simplify the art of roasting in the shop. Nestle said that […]

Solidaridad, EU sign US$4m partnership agreement to develop Liberia’s cocoa value chain

LIBERIA – Solidaridad West Africa in partnership with the European Union, has penned a memorandum of understanding for the implementation of the US$4M Cocoa Value Chain Development Program (COVADEP) in Liberia which Solidaridad is expected […]