Most of us are used to savings and investments being the realm of banks and brokers. But for the masses in Uganda (and Sub-Saharan Africa) the banks are too far and too expensive and the local currencies a poor way to save. Instead, savings often take the form of bricks to build a home or a few chickens to feed the children or now with Agro Supply, seeds for the next planting season...
We often compare the investment holding company model to the more common venture capital fund. A typical venture fund makes 15-20 investments in its 10 year lifetime. Or more specifically, it finds and invests in 15-20 total companies, often joining in one, two, or three rounds of investments per company over 10 years. Africa Eats began with a portfolio of 27 companies. We’ll eventually add...
Rwanda has one of the fast growing economies of the world and as more and more Rwandans leave poverty and enter the middle class, their demand for protein, especially meat, growth even faster. The same demand was seen over a century ago when Europe grew itself out of poverty and replicated again in Asia over the last few decades. This is the trend that led Herve Tuyishime to start Paniel Meat...
Swahili Honey is finishing up an order for delivering 1,476 new beehives in Tanzania.
Building beehives is a small part of Swahili Honey’s business, but important as the main business is aggregating, processing, bottling, and distributing honey from smallholder farmers throughout Tanzania. 980 farmers in 2020 growing past 1,200 in 2021, many of which will be using these new beehives.
Talk to 100 foundations and government offices about their solution to hunger and poverty in Africa, and you’ll find hundreds of programs that send people out to the villages to train the farmers. These programs are pushing on a rope. Africa Eats pulls on the rope. Specifically, we invest in supply chain companies that buy from smallholder farmers. When you buy from the farmers, they then...
SPACs are the big new old thing in American finance this year. What is a SPAC? It’s a pile of money in search of a business. Africa Eats is an anti-SPAC. It’s a pile of companies in search of money. SPACs exist because the system for funding high-growth private companies in the United States is far from efficient, and that includes the process for listing shares on a stock exchange...
Every year at Sankalp Africa and countless other conferences the big NGOs, governments, and other institutions talk about helping smallholder farmers. The story rarely changes. Post-harvest losses. Low yields. More and better training. At Africa Eats, we think there is a better, far more efficient solution to these problems. Rather than funding and training farmers, we invest in and support the...
Aggregate revenues across the Africa Eats portfolio companies for 2020 came in at $9.9 million, up from $7 million in 2019, more than double the $4.6 million from 2018, a sixteen-fold increase from the $600,000 in 2014. Actual Aggregate Revenues 2014-2020 $9.9 million was over $1 million above our projections for 2020, as reported seven months ago in our first public post sharing revenues. Why...
As foundations and mission-aligned investors swiftly shift their investments into ESG funds and direct investments in values-aligned companies and entrepreneurs, they overlook many visionary funds and fund managers who are forging the future that we need. These funds are myth-busters and courageous innovations. More than rethinking our financial system, they are creating viable alternatives to...
One goal for Africa Eats is to be a public company, listed on a major world stock market. The sub-goal on the way there is to be a public company listed on one or more African stock markets. Why go public? A few reasons. First and foremost, because before investors invest they want to see a clear way to get their money back. For equity investors in private companies, that path is either an...