Tata Beverages to set up US$14m tea packaging unit in Odisha, India

INDIA - Tata Global Beverages (TGBL), the Indian non-alcoholic beverages company plans to set up a new tea packaging unit worth US$14.01 million in Gopalpur Industrial Park, Odisha, India, reports ET Retail. The company has entered into a letter of Intent (LOI) with Tata Steel Special Economic Zone Ltd, a wholly-owned subsidiary of Tata Steel…

Rwanda’s Sorwathe company unveils new green tea factory worth US$1.12m

RWANDA – Sorwathe company, one of the oldest tea companies in Rwanda has invested over US$1.12 million in a new green tea factory in Kinihira, Rulindo district in the country’s Northern Province. The company will exclusively produce green tea to address the growing global demand, a report by Tea With Nipun reveals. According to Sorwathe…

Africa’s agribusiness to reach US$1 trillion by 2030, industry experts

AFRICA – Africa’s agribusiness is projected to reach US$1 trillion by 2030 and this can be achieved through significant investments to unlock the industry’s potential, according to industry experts who attended the Africa Investment Forum held in South Africa. It was noted that there was need to invest US$45 billion per year to harness the…

East Africa tea exports to the rest of the world increase by 13%

EAST AFRICA - Tea export volumes from East Africa to the rest of the world have risen by 1.4 million kilogrammes, representing a 13% increase from the comparable previous year, data from the East African Tea Export Auction reveals. A latest auction report has shown that a total of 10.4 million kilogramme bags of tea were…

Chi Limited rebrands Chi Ice Tea to Chivita Ice Tea

NIGERIA – Chi Ltd, Nigeria’s juice and snack producer has changed the Chi Ice Tea brand to Chivita Ice Tea as a way to integrate it into mainstream beverage brand, Chivita. The new brand comes in in a new product pack that is more aspirational, modern and trendy, with the promise of the same refreshing…

Rooibos tea company plans European entry with packed tea

SOUTH AFRICA - SA Rooibos Tea Supplies, Western Cape-based tea company has unveiled plans to move into the European market over the next ten years, an IOL Business report reveals. The company is seeking to become the preferred supplier of packed rooibos tea, promoted with vitality and a healthy lifestyle to the market. The plans…

Kraft Heinz completes acquisition of Ethical Bean Coffee assets

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…

Coca-Cola Company to acquire Costa coffee for US$5.1b

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…

Phone-maker Xiaomi crowdfunding to launch new range of premium beverages, Pingze tea

ASIA - Xiaomi, the Chinese electronics manufacturing firm is carrying out a crowdfunding with an aim to venture into premium drinks segment with new launches of tea drinks from the brand Pingze set for this month. According to FoodNavigator Asia, Pingze tea drinks has already reached the funding target which stands at around 386% of…

COCOBOD opens Shea office as government plans to set up board by 2024

GHANA - The government cocoa regulatory agency, Ghana Cocoa Board (COCOBOD) has opened a Shea Unit Office in Tamale to serve as an operational secretariat to develop the industry through supply chain in the region. Meanwhile, the government is planning to set up a Shea Development Board by 2024 in a bid to transition the…