Africa Eats management shares the highlights of Q4 2024, a preliminary view of 2024 financial statements, aggregate bizi revenues for 2024, and an announcement of the Q1 private placement.
The slides presentation is available on tuesday.africa/EATS. Some highlights include:
The updated map. 22 bizi based in 8 countries, selling to many more.Africa Eats, Elite Meat (dba PMP), and Ziweto publicly listed in Q4 202488 investors joined the private placement preceding the listing, including 6 fundsA preliminary 2024 balance sheet, the most important financial report for an investment companyThe per share price at listing was calculated at $2.45, but sold for $2.25The share price on the stock exchange today was $2.50 per shareAggregate revenues for the bizi grew in 2024 to over $44 millionFar more detail on how Africa Eats’ bizi grow so fast can be found in the book Berkshire Africa
The slides presentation is available on tuesday.africa/EATS, along with the latest share price, past financial updates, announcements, and news.
We often talk about the resiliency of African entrepreneurs, and how the bizi founders refuse to give up when business gets difficult. Well… once upon a time, there was a $1.1 million annual revenue bizi whose revenues dropped to zero when a flood wiped out all of their farmers’ crops. I less resilient entrepreneur would have stepped away for good. Brigitha Faustin is not one to give...
African stock exchanges are notoriously illiquid. It is not uncommon on the Stock Exchange of Mauritius for 1/3rd of the companies to have no trades at all. Which is why Tuesday Markets was created, to create liquidity in African markets, starting with registering as a market maker for EATS, ELIT and ZWTO. And that effort is working. Below is an article from a Mauritian business magazine talking...
In terms of global population, Africa is by far the fastest growing region. 1.4 billion people today, expected to grow past 2 billion in next 20 years. Those huge numbers are hard to grasp. They boil down to 2.5 million more people living in Africa… each month. 2.5 million more people who need to eat… every day. 5 million every two months. 10 million every four months. 30 million more...