Business intelligence for the HORECA, OCS & Vending markets
Olam International Limited has taken over the UK East African-focused coffee company Schluter S.A for an approximate $7.5 million, reports Daily Coffee News. While announcing the takeover, Olam International Limited, which is the parent company of Olam Coffee notes that it has a new European specialty arm by acquiring Schluter. In the same announcement, they noted that Schluter has been
Bloomberg Philanthropies announced a $10 million grant to the Relationship Coffee Institute. This announcement came at its US-Africa Business Forum that took place on September 21, 2016. According to the report by Daily Coffee News, the grant will help in the improvement of the lives of women coffee farmers in the DR Congo and Rwanda. This will be done through
Cameroon’s Cocoa and Coffee Inter-Professional Council’s New Generation Program creates 234 hectares of coffee farms since it was launched in 2012, reports Business in Cameroon. The program is aimed at reviving the cocoa and coffee plantations as well as encourage youths in the production of the cash crops by lowering the age of producers. According to the report, the newly
The Costa Rican National Coffee Congress has upheld a ban on the farming of robusta coffee, two participants at an extraordinary session of its congress said. The NCC is made up of industry and government representatives. They set the Costa Rican national coffee policies. A decree was passed in 1988 to outlaw the production of robusta coffee in order to
A Minneapolis-based coffee franchise, Dunn Brothers Coffee has partnered with the American Refugee Committee (ARC) to help them raise funds for its humanitarian relief program. In a press release published by PR Newswire, in its Changemakers Collection, Dunn Brothers Coffee will offer to its customers Ugandan coffee bean. $10,000 of proceeds from its Changemakers Collection coffee beans will be contributed
Nestlé, the Swiss food and beverage giant, has recently seen a growth in sales during the first half of 2016. According to the report, they recorded a total sales of CHF 43.2 billion with 3.5% organic growth. The real internal growth is set at 2.8%. Nestlé’s Coffee-mate maintains its growth in North America due to its new packaging and flavor
Ethiopia, which considered the birthplace of Arabica coffee, has plans to increase its coffee production capability in the coming decade. From a report by Walta Info, the State Minister of Farming and Natural Resource, Wondyirad Mandefro, while formally launching preparations for the 15th African Fine Coffee Conference and Exhibition to be held in Addis Ababa from February 12-17 2017, claimed
The Meru, county in Kenya, has planned to start it’s own coffee brand in order to raise earnings from the cash crop, All Africa reports. The county, according to the Mr Ntoitha M’Mithiaru, produces one of the best quality of coffee in the world. Mr Ntoitha, who is the cooperative, trade and tourism executive also said developing a coffee brand will
Top Chicago coffee roastery will be opening it’s first café in Naperville in mid-January, report Chicago Tribune. DeEtta’s Bakery, which is the only Naperville business to serve Sparrow coffee will create special pastries that will sell with the java. Chris Chacko, founder and CEO of Sparrow Coffee Roastery says, what is missing in Naperville now is a decent coffee, hence
Coffee prices saw an increase in the last two weeks after a decline was witnessed in February this year, report Deccan Herald. The recent coffee price increase raises hopes for coffee growers as they look at the market with great optimism. Coffee farmers were worried with a downward fall in prices last February. Prices in February reached a five-year low