Côte d’Ivoire, Ghana cocoa farmers to reap from the newly introduced premium living income

WEST AFRICA – Ghana and Côte d’Ivoire have agreed to sell cocoa with a premium Living Income of $400 a tonne added to the price in a bid to address a perceived imbalance between farmers’ […]

China Development Fund to co-finance US$100m cocoa processing plant in Ghana

GHANA – The Ghana Cocoa Board (COCOBOD) has entered into a public private partnership with the China Development Fund and Genertec International Corporation to establish a cocoa processing plant at Sefwi Wiawso, Western region Ghana […]

Keurig Dr Pepper to invest US$220m in developing a new facility in Pennsylvania

USA – Keurig Dr Pepper (KDP) will be investing about US$220 million to build a new production and warehouse facility in Allentown, Pennsylvania. KDP, formed with the 2018 merger of Keurig Green Mountain and Dr. […]

Ghana’s Niche Confectionery secures US$8.82m financing to expand production capabilities

GHANA – Niche Confectionery Ltd, a chocolate manufacturer and subsidiary of Niche Cocoa Ltd Ghana has signed a US$8.82 million financing agreement with The Netherlands Development Finance Company (FMO) to support expansion of its cocoa […]

Ghana’s cocoa regulator secures US$1.3bn loan to finance cocoa purchasing

GHANA – The Ghana Cocoa Board (COCOBOD) has secured US$1.3 billion from a consortium of 24 International French banks to aid in financing the purchase of cocoa in the 2019/2020 crop season. Sources at COCOBOB […]

Blackstone signs definitive deal to buy Coffee Day’s tech park for US$375m

INDIA – American alternative asset management firm, Blackstone Group  has signed a definitive agreement to buy Global Village Tech Park, owned by Coffee Day Enterprise limited. The Coffee Day Enterprise, parent company of India’s leading […]

Kenyan coffee earnings drop by US$28.9m in 11 months to August

KENYA – Kenya coffee earnings in the 11 months to August 2019 declined to sh11bn (US$106M) representing a Sh3bn (US$28.9M) decline from from Sh14 billion (US$134.9M) that was realized in the same period last year, […]

Mondelez International commits to sourcing 100% of cocoa from Ghana by 2025

GHANA – Mondelez International, world’s leading chocolate company, through its Cocoa Life Sustainability Programme plans to increase its 40% cocoa sourcing from Ghana to 100% by 2025, reports Ghanaian Times. The head of Cocoa Life […]

EU injects US$16.5m into Ethiopia’s coffee sector to boost production

ETHIOPIA – The European Union (EU) has issued funding worth €15 million (US$16.5m) to the Ethiopian government to support the country’s coffee sector under the EU-Coffee Action for Ethiopia. Coffee is one of the most […]

Coffee Day group to sell promoter stake in Sical Logistics

INDIA – Coffee Day Enterprises Ltd (CDEL), the holding company of Coffee Day Group has unveiled plans of selling its entire promoter stake in Sical Logistics as the company seeks to refinance its existing debt. […]