A New Drug Set to Outgrow Zoloft and Metformin--Invest Now

A new breakthrough drug is predicted to hit 250 million subscriptions in the next SIX YEARS, according to Morgan Stanley. Even better, a tiny company - trading for only $7 - holds key patents on this new drug. But it won't stay under the radar for much longer.

An ancient African tree is providing a new 'superfood' yet local harvesters are barely surviving

FARAI MUTSAKA
September 18, 2024

Since childhood, Loveness Bhitoni has collected fruit from the gigantic baobab trees surrounding her homestead in Zimbabwe to add variety to the family's staple corn and millet diet. The 50-year-old Bhitoni never saw them as a source of cash, until now.

Climate change-induced droughts have decimated her crops. Meanwhile, the world has a growing appetite for the fruit of the drought-resistant baobab as a natural health food.

Bhitoni wakes before dawn to go foraging for baobab fruit, walking barefoot though hot, thorny landscapes with the risk of wildlife attacks. She gathers sacks of the hard-shelled fruit from the ancient trees and sells them on to industrial food processors or individual buyers from the city.

The baobab trade, which took root in her area in 2018, would previously supplement things like children's school fees and clothing for locals of the small town of Kotwa in northeastern Zimbabwe. Now, it's a matter of survival following the latest devastating drought in southern Africa worsened by the El Niño weather phenomenon.

"We are only able to buy corn and salt," Bhitoni said after a long day's harvest. "Cooking oil is a luxury, because the money is simply not enough. Sometimes I spend a month without buying a bar of soap. I can't even talk of school fees or children's clothes."

The global market for baobab products has spiked, turning rural African areas with an abundance of the trees into source markets. The trees, known for surviving even under severe conditions like drought or fire, need more than 20 years to start producing fruit and aren't cultivated but foraged.

Tens of thousands of rural people like Bhitoni have emerged to feed the need. The African Baobab Alliance, with members across the continent's baobab producing countries, projects that more than 1 million rural African women could reap economic benefits from the fruit, which remains fresh for long periods because of its thick shell.

The alliance's members train locals on food safety. They also encourage people to collect the fruit, which can grow to 8 inches (20 centimeters) wide and 21 inches (53 centimeters) long, from the ground rather than the hazardous work of climbing the enormous, thick-trunked tree. Many, especially men, still do though.

Native to the African continent, the baobab is known as the "tree of life" for its resilience and is found from South Africa to Kenya to Sudan and Senegal. Zimbabwe has about 5 million of the trees, according to Zimtrade, a government export agency.

But the baobab's health benefits long went unnoticed elsewhere.

Gus Le Breton, a pioneer of the industry, remembers the early days.

"Baobab did not develop into a globally traded and known superfood by accident," said Le Breton, recalling years of regulatory, safety and toxicology testing to convince authorities in the European Union and United States to approve it.

"It was ridiculous because the baobab fruit has been consumed in Africa safely for thousands and thousands of years," said Le Breton, an ethnobotanist specializing in African plants used for food and medicine.

The U.S. legalized the import of baobab powder as a food and beverage ingredient in 2009, a year after the EU. But getting foreign taste buds to accept the new tang took repeated trips to Western and Asian countries.

"No one had ever heard of it, they didn't know how to pronounce its name. It took us a long time," Le Breton said. The tree is pronounced BAY-uh-bab.

Together with China, the U.S. and Europe now account for baobab powder's biggest markets. The Dutch government's Center for the Promotion of Imports says the global market could reach $10 billion by 2027. Le Breton says his association projects a 200% growth in global demand between 2025 and 2030, and is also looking at increasing consumption among Africa's increasingly health-conscious urbanites.

Companies such as Coca-Cola and Pepsi have opened product lines promoting baobab ingredients. In Europe, the powder is hyped by some as having "real star qualities" and is used to flavor beverages, cereals, yogurt, snack bars and other items.

A kilogram (2.2-pound) packet of baobab powder sells for around 27 euros (about $30) in Germany. In the United Kingdom, a 100-milliliter (3.38 ounce) bottle of baobab beauty oil can fetch 25 pounds (about $33).

The growing industry is on display at a processing plant in Zimbabwe, where baobab pulp is bagged separately from the seeds. Each bag has a tag tracing it to the harvester who sold it. Outside the factory, the hard shells are turned into biochar, an ash given to farmers for free to make organic compost.

Harvesters like Bhitoni say they can only dream of affording the commercial products the fruit becomes. She earns 17 cents for every kilogram (2.2 pounds) of the fruit and she can spend up to eight hours a day walking through the sunbaked savanna. She has exhausted the trees nearby.

"The fruit is in demand, but the trees did not produce much this year, so sometimes I return without filling up a single sack," Bhitoni said. "I need five sacks to get enough money to buy a 10-kilogram (22-pound) packet of cornmeal."

Some individual buyers who feed a growing market for the powder in Zimbabwe's urban areas prey on residents' drought-induced hunger, offering cornmeal in exchange for seven 20-liter (around 4-gallon) buckets of cracked fruit, she said.

"People have no choice because they have nothing," said Kingstone Shero, the local councilor. "The buyers are imposing prices on us and we don't have the capacity to resist because of hunger."

Le Breton sees better prices ahead as the market expands.

"I think that the market has grown significantly, (but) I don't think it has grown exponentially. It's been fairly steady growth," he said. "I believe at some point that it will increase in value as well. And at that point, then I think that the harvesters will really start to be earning some serious income from the harvesting and sale of this really truly remarkable fruit," he said.

Zimtrade, the government export agency, has lamented the low prices paid to baobab pickers and says it's looking at partnering with rural women to set up processing plants. The difficult situation is likely to continue due to a lack of negotiating power by fruit pickers, some of them children, said Prosper Chitambara, a development economist based in Zimbabwe's capital, Harare.

On a recent day, Bhitoni walked from one baobab tree to the next. She carefully examined each fruit before leaving the smaller ones for wild animals such as baboons and elephants to eat -- an age-old tradition.

"It is tough work, but the buyers don't even understand this when we ask them to increase prices," she said.

___

For more news on Africa and development: https://apnews.com/hub/africa-pulse

___

The Associated Press receives financial support for global health and development coverage in Africa from the Gates Foundation. The AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

Continue Reading...

Popular

What's Going On With Chinese Tech Stocks Like Alibaba, PDD On Thursday?

Alibaba and other Chinese tech stocks are up as US Fed plans to cut interest rates, boosting demand and potential for AI growth.

4 Cryptos Set to Outperform Bitcoin in 2024 - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Bitcoin Spikes Above $61,000 as Fed Implements 50 Bps Rate Cut

In a significant market move, Bitcoin (CRYPTO: BTC) surged past the $61,000 mark after the U.S.

Revealing Index Soars 49% - Smart Investors Are Moving In - Ad

The Gold Miners' Index is up 49% in recent months, surpassing even Gold's performance. Yet, ONE stand-out miner has even doubled Gold's historic rally over the last 6 months with room to run as analysts expect it to double from here! Don't miss the young company that has already captured the interest of 40+ investment banks.

Elon Musk Laughs At The Idea Of Dick Cheney Supporting Kamala Harris For President

Elon Musk humorously commented on the recent endorsement of Kamala Harris by George Bush Jr.-era former Vice President Dick Cheney.

Chinese EV Maker Nio Eyes Audi's Brussels Plant Amid European Expansion: Report

Chinese EV maker Nio is reportedly eyeing taking over Volkswagen brand Audi's car plant in the Brussels city of Vorst.

Imminent FDA Decision Could End Obesity in America... - Ad

...and spark a 224,000% sales surge for one tiny micro-cap stock. Channelnomics says it "Could have a greater impact on the world than artificial intelligence." BMO Capital calls it "A goldmine for investors." The Wall Street Journal says it's "A Gold rush."

Mother Sells Taylor Swift Tickets Over Star's Endorsement Of Kamala Harris: 'I'm Gonna Shake It Off, And I'm Done With You'

A mother has chosen to sell the Taylor Swift concert tickets she had bought as a birthday present for her daughter in response to the pop star's recent endorsement of Kamala Harris.

Americans Split On Election Result Acceptance Between Harris And Trump, Here Is The Candidate They Think More Likely To Accept Voters' Verdict

A survey conducted by ABC News/Ipsos has shed light on the American public's confidence in the acceptance of the upcoming November presidential election results by Vice President Kamala Harris and former President Donald Trump.

A 10,000% Dividend?!? - Ad

Have you seen this strange oil investment? It's NOT a stock, bond, or private company...It has NO age requirements...You do NOT need to be accredited to participate... And you can get in for as little as $25.

FactSet Research Q4 Earnings: Revenue And Profit Beat, Adds 188 New Clients, Margin Boost And More

FactSet reported Q4 2024 sales of $562.2M, beating analyst estimate. Organic revenue rose 5.0%. Adjusted EPS of $3.74 also beat consensus. Client count increased by 188. Adjusted operating margin improved. FY25 outlook: revenue of $2.285B-$2.305B and EPS of $16.80-$17.40. FDS stock up 0.01% at $446.85 premarket.

Don't Buy Another Stock Until You See This - Ad

We face a widespread collapse unlike anything we've seen in our lifetimes. By taking 4 simple steps today you can stay safe from the coming catastrophe. Which is why I want to rush you my new book "Midnight in America" FOR FREE.

UK says it's suspending some arms exports to Israel over the risk of breaking international law

LONDON (AP) — U.K. Prime Minister Keir Starmer's government said Monday that it's suspending exports of some weapons to Israel because they could be used to break international law — a move with limited military impact intended to increase pressure by Israel's frustrated allies for an end to .

Investigators say dispatching errors led to Union Pacific train crash that killed 2 workers

OMAHA, Neb. (AP) — Dispatching errors combined with the failure of two backup systems allowed a Union Pacific train to that had been parked on a side track for nine months in Southern California two years ago, killing an engineer and a conductor, according to a report issued Thursday.

My No. 1 Oil Play for 2024 - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

2 women charged in Lululemon shoplifting scheme in Minneapolis

MINNEAPOLIS (AP) — Two Minnesota women are charged with organizing thefts of several thousand dollars' worth of merchandise from a store in Minneapolis and then funneling the stolen goods through a suburban nail salon.

What to Stream: George Strait, 'Rebel Ridge,' Astro Bot, 'Slow Horses' and Mormon influencers

“The Secret Lives of Mormon Wives,” a docuseries following young wives in Utah, and the suspenseful thriller “Rebel Ridge” are some of the new television, films, music and games near you.

Elon Musk: Without This Company, "Civilization Will Crumble" - Ad

Did you know that there's an investment that will give you the opportunity to collect "royalties" every time Nvidia makes a chip? Ex-Wall Street CEO Dylan Jovine calls this "the easiest windfall from the AI revolution." Even ChatGPT founder Sam Altman says AI depends on this company's work...

Maryland awards contract for Francis Scott Key Bridge rebuild after deadly collapse

BALTIMORE (AP) — Maryland transportation leaders on Thursday approved a contract for rebuilding the Francis Scott Key Bridge several months after the 1.6-mile (2.6-kilometer) steel span of a massive container ship that lost power and crashed into one of its supporting columns.

Social media is filled with skin care routines for girls. Here's what dermatologists recommend

Girls are with advice from influencers touting elaborate skin care routines with high-priced serums, mists and creams. But what is the right skin care routine for preteens?

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Major power outage hits Venezuela's capital, with Maduro government blaming 'sabotage'

CARACAS, Venezuela (AP) — Venezuelans awoke Friday to a major power outage in the capital, Caracas, and several states.

What If Kamala Wins? The 3 Words That Will Change Everything - Ad

The same team that predicted Biden's downfall ... now warns of a new threat. Learn how to safeguard your future.

Tesla CEO Elon Musk Wants To Bring Back Dogecoin As A Payment Option To Buy Company's Merchandise

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk said on Friday that he would like to have the option of paying with meme cryptocurrency Dogecoin (CRYPTO: DOGE) reinstated for the company’s merchandise.

Firm offers bets on congressional elections after judge clears way; appeal looms

ATLANTIC CITY, N.J. (AP) — You can now do more than just vote in this fall's Congressional elections: You can bet on them, too.

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Three of the world's biggest AI companies -- Google, Nvidia and Intel -- have even partnered with my No. 1 Imperium company to get on this massive mega trend. The average investor hasn't caught on yet, but you can still invest in my No. 1 Imperium company for just $10 a share.

Stellantis Fires Back At US Dealer Council's Allegation Of 'Short-Term Decision-Making:' Carmaker Says 'Public Personal Attacks' Not The Way To Solve Problems

Carmaker Stellantis NV said on Wednesday that it takes "absolute exception" to the open letter sent by the President of U.S. Stellantis National Dealer Council (NDC) Kevin Farrish to company CEO Carlos Tavares, terming it a "public personal attack."

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL) - Ad

Ross Givens says the #1 artificial intelligence stock is NOT Microsoft, Google, Amazon or Apple, not even Nvidia. Nope -- his research is pointing to a tiny, under-the-radar stock that's trading for just a few dollars right now... And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others.

US-sanctioned Serbia official meets Putin, says Belgrade is an ally and won't join Western penalties

Serbia is a Russian ally and will never impose sanctions against Moscow or join NATO, the Balkan nation’s deputy prime minister said Wednesday as he met with Russian President Vladimir Putin.

US Steel CEO David Burritt Blasted By United Steelworkers President After $15B Deal With Nippon Steel Comes Under Biden Administration Scrutiny: 'Get A Decent CEO'

David McCall, President of United Steelworkers met Nippon Steel's Executive Vice President Takahiro Mori this summer to describe the union's demands, particularly ensuring that the Japanese steelmaker's parent sign the deal

DO NOT Make Another Trade Without Seeing This First - Ad

Starting September 23... a huge secret of the markets could help you consistently target gains like: 126%... 245%... even 463% or more... often in 30 days or less... No matter what the market does next.

Former Deputy Claims Harris Helped Close Backpage, Fallout Affects Sex Workers

In the midst of the 2024 presidential campaign, Kamala Harris finds herself under the microscope for her involvement in the closure of Backpage.com, a well-known online platform for adult services, during her time as the Attorney General of California.

America Can't Afford a Harris Presidency - Ad

New research from Jim Rickards - former advisor to the CIA - reveals shocking predictions about an "Election Meltdown" coming this November. Jim's showing all American patriots why an "Election Meltdown" could crash stocks by 50%, lead to the final demise of the dollar, even cause violent riots in the streets.

'Beetlejuice Beetlejuice' jolts box office with $110 million opening weekend

After 36 years of waiting, the juice is finally loose again in this time racking up a record-breaking $110 million in its premiere weekend.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service