Nigerian company raises $50,000 to make therapeutic foods
By the AFREEQUE newsroom, based on Businessday
Ma’Zaine Foods, a Nigerian food-processing company founded by Maryam Yakubu, has received a $50,000 investment from EHA Impact Ventures. The funding will pay for equipment and the launch of production of ready-to-use therapeutic foods to tackle severe acute malnutrition in children, according to Businessday.
EHA Impact Ventures, an impact investment company in the EHA Group, has announced $50,000 in funding for Mainstream Lime-Light Ltd, a women-led agribusiness in Birnin Kebbi, Nigeria. The investment will fund equipment to expand its product range and launch production of ready-to-use therapeutic foods for children with severe acute malnutrition, Businessday reports.
The company markets its products under the Ma’Zaine Foods brand. The funding was announced during a visit to its production site and an investment event.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
