The Kenyan Cabinet approves US$29.5m Cherry Advance Revolving Fund regulations to boost coffee production

KENYA – The Kenyan government has approved Kshs. 3 Billion (US$29.5m) Cherry Advance Revolving Fund regulations to boost coffee farming in the country. The government has established the Rules and Regulations titled “The Public Finance […]

Oromia Coffee Farmers Cooperative Union establishes US$1.5m coffee processing complex

ETHIOPIA – The Oromia Coffee Farmers Cooperative Union in Ethiopia is set to commission its first coffee roasting and packaging complex at Gelan town in Oromia Regional state. The coffee roasting complex worth 50 million […]

Blue Bottle Coffee CEO Bryan Meehan joins Nestlé Creating Shared Value Council

SWITZERLAND – The Chief Executive Officer of Blue Bottle Coffee, Bryan Meehan has joined Nestlé’s Creating Shared Value Council, an external advisory group to the company’s management on implementing Creating Shared Value (CSV). The Council […]

Cocoa cooperative in Côte d’Ivoire receives backing from ABC Fund

COTE D IVOIRE – Socak Katana, a cocoa cooperative in Côte d’Ivoire has received an undisclosed amount of investment from the Agri-Business Capital Fund (ABC Fund), managed by Bamboo Capital Partners, in partnership with Injaro. […]

Cargill invests US$113m in Ivory Coast and Ghana cocoa processing expansions

WEST AFRICA – Global agribusiness company, Cargill will be investing over US$113 million to expand its cocoa processing sites in Yopougon, Ivory Coast and Tema, Ghana. The company is planning to invest US$100 million to […]

Kenyan speciality tea processor secures seed capital from Sinapis

KENYA – Tumoi Tea, a Kenyan speciality tea processor start up has bagged US$10,000 seed capital from Sinapis, a global business accelerator during their annual business plan competition held in Nairobi, Kenya. Tumoi Teas produces […]

Williamson Tea Kenya reduces its half year loss despite decline in sales

KENYA – Williamson Tea Kenya and one of its associate farms, Kapchorua Tea Kenya narrowed their losses in the half year ended September and issued pessimistic forecasts for the full year ending March 2020. According […]

Finlays opens US$17m refined tea processing facility in China

CHINA – Finlays, a sub-affiliate of the London-based John Swire & Sons, has opened its first refined tea processing plant in China, located in Guizhou province, after investing 120 million yuan (US$17 million). The plant […]