At Berkshire, there is no finish line

In Business overview
March 12, 2023
1 Min read
A
Africa Eats 2023

In the 2022 letter to shareholders, one of Warren Buffett’s best quotes was, “At Berkshire, there will be no finish line.“

Africa Eats is not a fund. We don’t exist for just 10 years, to create a short-term growth spurt, gain a profit for our investors, and disappear from the world. Instead, our business model includes some core ideas from Berkshire Hathaway, with the central core that we’re a perpetual, permanent capital supplier. Or in more concrete terms, that we exist to help our portfolio companies grow, for as long as they want to keep growing.

At Africa Eats, there is no finish line either.

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5 months ago

Fast-growing SMEs

In Business overview
5 months ago
4 Min read
07December

If you have to summarize Africa Eats into just seven words… Africa Eats helps quickly scale up SMEs. Give us more words and we’ll talk about investing in the food/ag supply chain, filling in the gaps of business infrastructure, and our progress ending hunger and poverty. But we do all that by helping SMEs scale up from tiny to millions in annual revenues. Below are seven examples of...

6 months ago

Ahead of Plan (Looking Back to Look Forward)

In Business overview
6 months ago
1 Min read
08November

Africa Eats was founded in July 2020, but the business plan was written back in late 2018 and the financial model iterated many times in 2019. It is interesting to look back at the early models to see what has changed. Little has changed in terms of structure, but quite a lot has changed in terms of scale. The 2019 model seemed aggressive at the time, but now it looks tame. In 2019 the estimate...

6 months ago

Increasing Incomes and Improving Lives (II)

In Business overview, Impact
6 months ago
2 Min read
01November

Africa Eats’ mission is to lower hunger and eliminate poverty across Africa. Dropping post-harvest losses from 40% to 2% is one way to lower hunger. The other is increasing the incomes of farmers, which simultaneously and directly eliminates poverty. On average, the bizi double the income of their farmers. We’ve seen that proven in the first 60 Decibels report on the farmers of East...

9 months ago

Profitable, and Rising

In Business overview
9 months ago
1 Min read
16July

Africa Eats quite often touts the fast growing revenues of the bizi. But are they profitable? Profitabilty is not commonly a question asked of early-stage fast-growing companies. Over in the corner of venture capital funding tech-based startups, profits are often an afterthought. But the bizi are not tech-based and the reason past updates have not discussed profits is that the bizi are far more...

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