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Agriculture is the Biggest Industry

Over half of all working age Sub-Saharan Africans work in agriculture. More than 1/3rd in Nigeria, the most populous country. 1/3rd in Kenya. Even 19% in South Africa, despite its head start development. As a comparison, less than 2% of Europeans and less than 2% of Americans work in agriculture. The contribution of agriculture to GDP disproportionate, but that is an artifact of the way GDP is...

Innovating Investment in Africa

Gertrude Matche of Diversity Connector talked with Luni Libes, Africa Eats’ co-founder/CEO about the challenges of solving hunger and poverty in Africa, and the path Africa Eats has taken to impact those pressing issues… as a for-profit investor.

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Business unusual: business and investment pioneers

An increasing number of pioneering businesses and investors operating along forest and agriculture supply chains are leading the charge to transform the deeply flawed dominating economic models for the benefit of people, nature and climate. This report documents and highlights success and lessons learnt from 18 inspiring examples of businesses and investors who are progressing from ‘business as...

Visiting Goldenpot

Goldenpot aggregates maize from women smallholder farmers in Tanzania, and with it manufactures instant porridge and breakfast cereal. Last month we visited the factory in Dar es Salaam, Tanzania.

Visiting Swahili Honey

Swahili Honey aggregates honey and beeswax from across Tanzania, selling bottled honey in Tanzania and Kenya, and exporting bulk honey and beeswax globally. Last month we visited the factory in Dodoma, Tanzania.

Visiting Rogathe Dairy

Rogathe Dairy aggregates milk across the Coastal Region of Tanzania, pasteurizing and culturing into yogurt and mtindi. Last month we visited the factory.

africaeats.com/rogathe-dairy//

Fonio Flakes, available on Amazon

Agromyx‘s Fonio Flakes are available on Amazon. Fonio is a heritage grain from West Africa. Fonio flakes are a bit like corn flakes, but with smaller kernels and a lot more crunch. Give it a try, they are delicious!

$36+ million of annual revenues

A year ago we touted $24 million in aggregate annual revenues from the bizi for calendar year 2022, up more than three-fold from 2019. For 2023, that total exceeded $36 million, which is more than 5x in four years, and up 60x over the last decade. The bigger growth stories in 2023 were: TRUK Rwanda, which tripled in 2023 to $6.4 million in annual revenues, up from zero four years earlier as the...

The 2024 Gathering

Africa Eats bizi 2023

It’s almost time for Africa Eats’ annual “Gathering”, where all of the bizi founders fly to Nairobi for two days of facilitated discussions including a deep dive into building the missing business infrastructure for African SMEs, including a plan to unlock the capital markets. This event is unlike any other we know of. It is the day after Sankalp, but far more interactive...

Where is the line between small SME and medium SME and too big to be SME?

There is no global authority that defines SME, but the EU sets a definition for the EU. The boundaries between “micro“, small, and medium are a mix of employee headcount with either revenues or balance sheet.

Africa Eats specializes in turning micro enterprises into small and then medium-sized enterprises. See Fast-growing SMEs for examples of seven success stories.

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