Rwanda hosts African coffee expo as it seeks to boost sector

RWANDA - Rwanda will be hosting the African Fine Coffees Conference and Exhibition, an annual event hosted in rotation in Africa’s coffee producing countries, from 12-15 February 2019. The conference is aimed at deliberating on intervention to the challenges facing the continents coffee sector as well as explore the opportunities presented by the commodity. According…

Actis gets nod to acquire Abraaj’s interest in Java House, plans US$10m investment

KENYA – The Competition Authority of Kenya (CAK) has approved the proposed acquisition of indirect control of Java’s owner, Abraaj Holdings by UK-based private equity fund Actis, reports the Nation. The coffee chain, which is also one of the leading coffee houses in the region, has unveiled plans to invest about US$10 million (Sh 1…

Nestle invests US$14m in a new coffee facility in Egypt

EGYPT – Nestlé has inaugurated a new coffee factory in Egypt for its Bonjorno brand, following an investment of US$14 million (EGP 250 million). Located in the 6th of October industrial zone, the facility sits on a 12,740 square-metre land which Nestlé says has the most advanced coffee making technologies. The new Bonjorno coffee factory…

Taste holdings to roll out more outlets with US$9.5m cash injection

SOUTH AFRICA - Taste Holdings, South Africa’s licensed operator of Starbucks Coffee and Domino’s Pizza has announced that it will resume rolling out more coffee shops and fast food outlets following its US$9.51 million cash injection by its shareholders. According to Business Day, Taste chair Grant Pattison said that as soon as the rights offer is…

Global coffee prices to shrink as production increases

WORLD - International Coffee Organisation (ICO) reports that coffee prices are expected to further move southwards as the world production is expected to increase. According to the report by ICO, international market is expected to receive a total of 167.47 million bags of coffee in the 2018/19 financial year creating a surplus of 2.29 million…

Ethiopia to intensify coffee exports to China as demand grows

ETHIOPIA – As a major coffee producer in Africa, Ethiopia, is seeking interventions to intensify coffee exports to China in a quest to supply the growing demand of the commodity in the East Asian nation. This comes as Ethiopian based coffee roastaries and cafes in China record good performance and significant growth arising from the…

EU grants Uganda US$4.1m to boost coffee and cocoa sector

UGANDA - The European Union (EU) has granted Uganda US$4.1 million to boost the country’s coffee and cocoa industries. The grant agreement sealed by Uganda’s Finance Minister Matia Kasaija and the EU ambassador to Uganda, Attilio Pacifici seeks to boost the coffee and cocoa exports in the EU market. “This grant is aimed at value…

Café Africa collaborates with Tanzania government to boost coffee production

TANZANIA - Café Africa has joined hands with the Tanzanian government and the Agricultural Non-State Actors Forum (ANSAF) on efforts to boost coffee production and re-position the produce as the leading export crop, reports The Citizen. Spearheading the initiative, Café Africa, which was established to uplift the vision of Africa coffee sector mainly by conducting…

Starbucks local operator calls off expansion plan amid high operation costs

SOUTH AFRICA – Taste Holdings, the local licensee for Starbucks, has halted its ambitious expansion plans due to high operating costs and tight customer budgets, reports Business Day. Taste Holdings has so far opened 12 Starbucks outlets across Johannesburg, Pretoria and Durban and had hoped to have 45 stores open by 2020 – with a peak…

Nespresso partners Tinto to use 100% sustainably-sourced aluminium by 2020

SWITZERLAND - Nestlé's Nespresso brand has signed a new partnership with the European metal corporation, Rio Tinto use 100% responsibly sourced and certified aluminium in its coffee capsules by 2020. Nestle will become the first to use responsibly-sourced aluminium with the Aluminium Stewardship Initiative (ASI) certification. This is a great milestone by the coffee brand…