Wednesday
September 12
2018

Nespresso Invests Big in Zimbabwe Coffee Amid Agricultural Reforms

By Nick Brown

Nestlé-owned pod coffee giant Nespresso has announced plans to buy more than 95 percent of the “high-quality coffee production” from Zimbabwean smallholder farmers in 2018.

The purchase is part of a longer-term investment in the struggling Zimbabwean coffee sector that will involve $1.25 million in program expenses to reach some 400 smallholder coffee farmers over the next five years. Also partnering in the program is Technoserve, the Washington D.C.-based nonprofit that attempts to provide business solutions to poverty throughout the world. Technoserve has been involved in trying to create market opportunities in Tanzania, specifically in the specialty coffee segment, non-continuously since at least 1998.

Photo courtesy of Ministério do Desenvolvimento Social.

Source: Daily Coffee News (link opens in a new window)

Categories
Agriculture
Tags
agribusiness, agriculture, emerging markets