USA - Luigi Lavazza, an Italian manufacturer of coffee products, has agreed to acquire the coffee business of Mars Inc., including the Flavia and Klix systems to expand its sales in the U.S. The company, according to FoodBev, is also broadening its operations in office coffee makers and vending machines with the acquisition, which was…
TANZANIA - Tanzania Trade Development Authority (TTDA) has said that the country has secure d a market for coffee, cashew nuts, ginger, tea, peas, and legumes in China where there is high demand for the commodities. Daily News reports that the development was announced by TTDA Director General, Mr Edwin Rutageruka after the Asian country…
CANADA - Kraft Heinz, an American food company, has announced that it has completed the acquisition of the assets of Ethical Bean Coffee, a Canadian Cafe & coffee roaster. Founded in 2003, Ethical Bean Coffee is a leading roaster of 100% Fairtrade, certified organic coffee. Based in Vancouver, British Columbia, Ethical Bean is committed to…
GHANA - The Ghana Cocoa Board (COCOBOD) has signed a Memorandum of Understanding with the not-for-profit organization, Solidaridad West Africa to implement initiatives geared at boosting the cocoa industry. According to GNA, the two will offer technical support for the sector to enhance diversification, alongside cocoa intensification towards boosting the incomes of producers. A statement…
ZIMBABWE – Nespresso, a coffee operating unit of the Nestlé Group, has announced a long-term investment plan to revive Zimbabwe’s coffee industry and stimulate the rural economy. The company announced that it will provide training and technical assistance to 400 smallholder coffee farmers over the next five years, with the goal of increasing the country’s production…
USA - The U.S. Food and Drug Administration (FDA) has said it supports the proposed regulation that exempts coffee from a Proposition 65 that demands cancer warning on a number of products. In a letter to the California Office of Environmental Health Hazard Assessment, FDA said the move follows a careful review of the most…
USA - The Coca-Cola Company has announced that it has reached a definitive agreement to acquire Costa Limited, valued at US$5.1 billion, giving it a strong coffee platform across parts of Europe, Asia Pacific, the Middle East and Africa, with the opportunity for additional expansion. Costa Limited, from parent company Whitbread PLC, was founded in…
SWITZERLAND - Nestlé and Starbucks Corporation have announced the closing of the deal granting Nestlé the perpetual rights to market Starbucks Consumer Packaged Goods and Foodservice products globally, outside of the company’s coffee shops. According to Nestle, the two companies will work closely together on the existing Starbucks range of roast and ground coffee, whole…
NIGERIA - Cadbury Nigeria Plc, one of the largest confectionery and food drinks manufacturer has reached US$1.16mn in losses in the first half of this year amid rising costs despite high revenue which rose 8% to US$48.51mn from US$44.92mn in the comparable period of 2017, Business Post has reported. The finance income appreciated by 10.7%…
KENYA - Members of the International Coffee Organisation (ICO) are in Kenya for talks with Kenyan coffee farmers who are looking to ink direct purchase deals with top global coffee buyers. According to Business Daily, the ICO executive director Jose Sette held a meeting with Council of Governors vice chair Kirinyaga Governor Anne Waiguru and…
