We listed three African companies on the Mauritian stock exchange in a single day, a meat processor from Rwanda, an agro-vet supplier from Malawi, and Africa Eats too. In this podcast, Luni Libes, Africa Eats’ CEO, explains how and why we did that.
In this episode, we break down how we took SMEs public, why we created Africa’s first equity market maker, and how African founders can list for $100K instead of $10M.
00:00 Intro
00:27 The VC model is an outdated paradigm
04:52 Introducing a new investment model
08:55 Process of going public in Mauritius
14:37 How Africa Eats creates liquidity for their stock
19:28 The journey of building Africa Eats
21:25 Investing in pre-vetted companies
23:03 Operational support post-investment
24:41 Funding strategies & growth
27:29 The Purpose behind Africa Eats
30:58 Launching an ETF in Kenya
34:28 When to go public
37:02 The cost of an IPO New York vs. London vs. Mauritius
39:00 Conclusion
