Cofix Group Ltd has expanded its coffee chain in Moscow, Bloomberg reports. The Israel low-cost coffee chain has a reduced price on its cappuccino brand compared to Starbucks Corp’s price in order to lure in Russian coffee consumers. Created in 2013, the Tel Aviv-based company has 152 shops in Israel. Russia is its first expansion market out of Israel and
Tag: Markets & Trade
Coffee Growers Benefit $10M from Bloomberg Philanthropies
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
The International Coffee and Tea Festival in Dubai
The International Coffee and Tea Festival will be held in Dubai, UAE starting 2nd Nov, 2016 and will come to an end on 4th November. This exhibition is the only of its kind in meeting international standards in the region. With the booming Middle Eastern coffee market, this event has proved to be very significant to the coffee industry, enabling investors and
Cameroon: Create 234 Hectares of Coffee Farms in 4 Years
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
Costa Rica Maintains Ban on Robusta Coffee Production
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
Why Serving Great Coffee and Food is Possible
Since I started getting into specialty coffee, I was always searching for the ultimate cafe experience. For me that means, a place where you not only get great coffee, but also great food, especially cake. What can I say, I’m German, I grew up with having an afternoon cake & coffee with the family. But during my travels and my
Ugandan Coffee for American Refugee Committee
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 Reports Good Results for First Half of 2016
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
Kenyan County to Start Coffee Brand
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
Recent Coffee Price Increases Raises Hopes
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