Two dozen for-profit companies, profitably lowering hunger and poverty.
In most of Sub-Saharan Africa, smallholder farmers produce the food. What happens next is where the money is.
No cold chain. No reliable buyer. No contracted offtake price. Produce spoils before it reaches a shelf, and the margin that should compound into a business evaporates at the farm gate. The operator who solves that — who aggregates, moves, brands, and sells to a retailer at scale — captures value at every stage of the chain.
These are not aid projects. They are some of the fastest-growing small businesses on the continent. And almost none of them are on the radar of global investors.
Africa Eats finds them early and scales them up
EATS Performance
Africa Eats is listed on the Stock Exchange of Mauritius
3X
Since 2020
In 2020, the first Africa Eats share traded at $1.00. Today it trades above $3.0000.
That is not a projected return or a target. It is the public record of a compounding portfolio of food businesses, growing on an African stock exchange, watched by anyone who chose to hold.
The Berkshire Africa Business Model
Warren Buffett’s favourite holding period is forever. So is ours.
We apply that logic to the fastest-growing food businesses on the continent.
01.
Minority equity
01.
Minority equity
We take minority stakes in profitable, founder-led food and agriculture businesses. We guide and mentor, never control. The founder runs the bizi — we help them past $1M.
02.
Coach to scale
We guide and mentor our companies past $1M in annual revenue, then $10M and beyond. That has been 100-fold growth.
02.
Coach to scale
We guide and mentor our companies past $1M in annual revenue, then $10M and beyond. That has been 100-fold growth.
03.
List for liquidity
When a bizi is ready, we help it list on a stock exchange. Capital Markets fund the next phase of growth. Africa Eats rides the gains.
03.
List for liquidity
When a bizi is ready, we help it list on a stock exchange. Capital Markets fund the next phase of growth. Africa Eats rides the gains.
What Do You Want in An Investment?
Most African investments make you choose. Returns or impact. Liquidity or growth. Proof or potential.
EATS delivered all five. Share price: $1.00 in 2020.Over $3.000 today.
3x capital appreciation in 6 years.
Not projected. Delivered. The share price moved from $1.00 in 2020 to $3.00, representing ~20% annual capital appreciation — driven not by sentiment but by real revenue growth in the underlying businesses. Portfolio revenues have grown from $600,000 in 2014 to $60 million in 2026.
Diversified across the continent.
A geographically diversified portfolio across 8+ African countries — Kenya, Malawi, Nigeria, Rwanda, Uganda, and more. When one country's politics shift, the portfolio does not move with it. That is what two dozen bizi across multiple currencies and regulatory environments actually buys you.
One billion people today. Two billion by the 2040s.
Sub-Saharan Africa is the fastest-growing population on the planet. Every one of those people eats. The businesses in this portfolio sit inside the supply chain that moves food from a smallholder farm to a retailer's shelf. The total addressable market is not a projection. It is a demographic fact.
Creating income for the farmers who grow Africa's food. Through investing — not philanthropy.
Most investments ask whether you can have impact without sacrificing returns. Africa Eats was built on the premise that you cannot solve hunger and poverty with grants. You solve them by backing profitable businesses that create cash incomes for smallholder farmers.
Buy when you want. Exit any weekday.
African equities have a reputation for illiquidity. EATS is the exception. A registered market maker maintains standing buy and sell orders every trading day, 52 weeks a year. You are never waiting for another investor to take the other side of your trade.
The minimum purchase is one share. When you want to exit, the market is already there.
Bizi Companies
Our relationship with our investees is beyond the norm.
Our perpetual hold makes us true partners.