Nespresso to invest US$9.8m in new strategy to revive coffee industry

USA – Nespresso has announced that it is investing US$9.8 million (CHF 10 million) in a new strategy to revive the coffee industries in selected countries across the globe. The company has launched the Reviving Origins programme geared at restoring coffee farming in regions where it is under threat, as well as foster rural economic…

Ghana embarks on efforts to revamp coffee sector, mulls new database

GHANA – The Coffee Federation of Ghana (CFG) has embarked on efforts that seek to revitalise the coffee industry in the country by rolling out initiatives aimed at increasing production of the commodity. As one of its mandates to support all aspects of the coffee value chain in Ghana through advocacy and networking, CFG has…

Swiss government says coffee ‘not essential’, stockpiling to end

SWITZERLAND (Reuters) - Switzerland on Wednesday announced plans to abolish the nation’s emergency stockpile of coffee, in place for decades, after declaring the beans not vital for human survival, though opposition to the proposal is brewing.  Nestle, the maker of instant coffee Nescafe, and other importers, roasters and retailers are required by Swiss law to…

Coffee Day to sell 49% stake in consultancy business to Japan’s Impact HD

INDIA – Coffee Day Enterprises, the operator of the Indian café chain, Café Coffee Day has announced that it has agreed to sell 49% stake in its consultancy services business to Japan-based Impact HD Inc. The transaction is valued at US$15 million (Rs 104.45 crore) and will see Impact HD acquire a significant shareholding in…

State unveils US$29.73m fund to revamp coffee sector, mulls new regulations

KENYA – The Kenyan government said it will avail US$29.73 million (Ksh 3 billion) cherry advance revolving fund to coffee farmers as part of the government intervention to rejuvenate the coffee sector. Speaking during the 124th session of the International Coffee Council in Nairobi, Kenya, President Uhuru Kenyatta also unveiled plans of rehabilitation of 500…

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…