Method
Preheat the oven to 180°C and grease a standard loaf tin with coconut oil.
In a large mixing bowl, whisk together the flour, shredded coconut, baking powder, baking soda, nutmeg, salt, and vanilla. Make a well in the centre of your dry ingredients.
Pour the coconut milk, oil, and maple syrup into a small bowl (or use the pot you melted the oil in) and whisk until fully combined. Add the coconut milk mixture to the large bowl and stir with a wooden spoon, until just combined and no streaks of flour remain.
Place the coconut bread batter into the prepared loaf tin and bake on the middle rack in your oven for 40-45 minutes, or until golden and a toothpick can be inserted and come out clean.
Remove from the oven and let it cool in the tin on a cooling rack for 15 minutes, then gently remove it and cool completely before storing or frosting.
To make the frosting, place all the ingredients in a bowl and beat with a hand mixer until well combined and fluffy—this will take 2 to 3 minutes. A stand mixer works fine, too.
It keeps well on the counter, wrapped well, for up to 3 days, and freezes well.