Abuja, Nigeria — October 7, 2024
eha Impact Ventures (EIV), a leading impact investment venture, in collaboration with MotherFood, a gender lens social enterprise, announces a joint investment in Amayi Foods, a Nigerian-based food processing company.
This investment offers $75,000 through a Simple Agreement for Future Equity (SAFE), designed to increase job creation, particularly for low-income women, train small-scale farmers, and combat food insecurity by increasing the production of nutritious food.
Beyond financial support, this collaboration will assist Amayi Foods in exploring ways to fortify its product line with essential nutrients. This initiative aims to significantly improve the health of women and children, address critical nutritional deficiencies, and promote overall well-being in the community.
“We are excited to support Amayi Foods in their journey to enhance food quality and nutrition in Nigeria,” said Evelyn Castle, Co-Founder and CEO at eha Impact Ventures. “Our partnership with MotherFood underscores our commitment to leveraging expertise and resources to drive sustainable development and improve health outcomes for mothers and children.”
MotherFood shares this enthusiasm. Chris Emergui, Global Partnerships at MotherFood, stated, “This collaboration with EIV and Amayi Foods aligns perfectly with our mission to support female entrepreneurs to prevent maternal and child malnutrition for vulnerable populations. We look forward to contributing our expertise to this vital initiative.
We look forward to contributing our expertise to this vital initiative.
In addition to the investment, EIV is providing a $5,000 marketing communications grant. This grant will enable Amayi Foods to enhance its outreach and engagement efforts, ensuring its mission and impact reach a broader audience.
“Amayi Foods was founded with a vision to combat malnutrition and empower local communities,” said Kudzayi Hove, Co-Founder and CEO of Amayi Foods. “We are thrilled to receive support from EIV and MotherFood, which will help us grow our business and enhance our ability to provide nutritious food to those who need it most.”
Amayi Foods has pioneered innovative food processing techniques, crafting nutritious and affordable products that are transforming lives. By enhancing cooking efficiency, Amayi supports families, notably women entrepreneurs, to nourish their loved ones while fuelling broader economic progress. The company has emerged as a driving force for social, health, and culinary progress through its mission-driven approach.
About eha Impact Ventures
eha Impact Ventures (EIV) is a philanthropic impact investing enterprise that supports early-stage, high-impact, women-led businesses in Africa. Unlike traditional business financing, EIV offers flexible and innovative funding options paired with high-quality, local, shared business resources to ensure business growth and success. Learn more at eha. ventures.
Media Contact: Sumayyah Ibrahim | Email: sumayyah.ibrahim@eha.ventures
Investor Contact: Evelyn Castle | Email: evelyn@eha.ventures
About MotherFood:
MotherFood International is a social enterprise that supports female entrepreneurs to prevent maternal and child malnutrition. Focused on improving health outcomes for vulnerable populations, MotherFood trains women to make or sell locally-made nutritious and fortified food to improve their financial situation and the health of the women in their communities.
About Amayi Foods :
Amayi Foods is a Nigerian-based food processing company committed to improving food security and nutrition. Amayi Foods aims to address critical nutritional needs and promote healthier communities by producing high-quality, fortified food products.