Nigeria’s female-led startups winning investors in fight to close cash gap

At Nigerian snack company ReelFruit’s Lagos warehouse a woman places handfuls of dried mangoes in bags and workers hammer open coconuts to scrape out the flesh. The company is expanding production and exports after a $3 million investment.

ReelFruit is part of a burgeoning group of female-founded Nigerian startups attracting investor cash as women stake more claim to the funding and as some financiers look to support female-led companies and redress a gender gap.