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Bringing African Knowledge into the Probiotic Industry: The Untapped Goldmine in Nigeria’s Fermented Foods
As the health benefits of fermented, probiotic foods have become more widely known, they’ve driven a global surge of interest in foods like kimchi, miso and sauerkraut. But according to Oluwadara Alegbeleye, a microbiologist who researches food safety and sustainable food systems, Nigeria’s fermented foods have yet to transition from local staples to globally recognized probiotic solutions. She argues that this has cost Nigeria not only international recognition, but a valuable business opportunity, and explains how the country's fermented food market could evolve into a robust and viable industry.
- Categories
- Health Care
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Nigeria’s PaidHR Raises $1.8 Million Seed Round to Expand Cross-Border HR Services
With the new capital, the company plans to strengthen its product offerings, expand across African markets, and increase staffing, particularly in customer support.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Hotel Groups Hilton and Marriot Announce African Expansion Plans
Rising business and leisure travel on the continent has made it increasingly attractive for multinational companies and Hilton said on Wednesday that it plans to more than triple its African portfolio to more than 160 hotels.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Walmart Vriddhi Partners To Empower an Additional 100,000 MSMEs for Business Growth by 2028, Expanding Their Access to International Markets
"The program provides MSMEs with digital tools, personalized mentorship and market access to expand their reach both nationally and internationally, supporting sustainable business models and cross-border trade via Walmart Marketplace."
- Categories
- Investing
- Region
- Asia Pacific
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Itaú Launches R$500 Million CVC Fund by Absorbing Kinea Ventures
The current downturn in venture capital funding, following the 2021 boom, has created a favorable environment for CVC funds that still have capital to deploy.
- Categories
- Finance
- Region
- Latin America
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Analysis: How Small Businesses Can Navigate Global Trade In an Era of Polycrisis
With support, small businesses can compete globally and drive inclusive economic development.
- Categories
- Uncategorized
- Region
- Global
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African Remittance Startup LemFi buys UK Card Issuer
Remittance flows to low- and middle-income countries rose nearly 6% last year to $685 billion, according to a World Bank estimate.
- Categories
- Finance, Technology
- Region
- Global
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MyNextCar Lands $10 Million to Scale Bolt’s Budget Ride-Hailing Fleet in South Africa
Emso Asset Management, a London-based firm with growing interest in mobility ventures across Africa led the round.
- Categories
- Investing, Transportation
- Region
- Sub-Saharan Africa