CategoryBusiness overview

All Hands in Nairobi (2021)

This week we gathered together the (co)founders and managers of our portfolio companies under a tent in Nairobi, Kenya. Over 50 attendees, flying and driving in from 10 countries across the continent. Over two days we worked together to discover new common challenges, to solve issues, and to find new ways to work together to seize the opportunities building the food/ag supply chain across Africa...

Agriculture, Africa & 100x growth

Podcast #1 Wishes Granted, interviews of the top impact funders so that entrepreneurs and funders, no matter what continent they are on, can connect and build a great future. Today we talked about Africa Eats which is not an investment fund but a holding company–a totally new way to provide capital to entrepreneurs that I think we will see a lot more of. You can best think of Africa Eats as...

Stories of for-profit solutions to hunger and poverty

There are so many incredible stories to share at Africa Eats. Here is a sampling of the type of solutions we’ve invested in. Homegrown, for-profit solutions with measurable impacts lessening hunger and poverty across Africa.

For more stories, listen to The Opportunity is Africa, a podcast brought to you by Africa Eats

Forbes: A Nice Overview of Africa Eats

Africa Eats was in the news this weekend: Novel Holding Company Africa Eats Has Raised $1.8 Million For Its Impact Startups Anne Field of Forbes did a lovely job explaining why the company was formed, how it is tackling hunger and poverty, and how the holding company model generally works. And note that between the time of the interview and publication, three more investors committed another...

$2+ million in growth capital

What do 27 baby elephant companies do with $2 million of growth capital? They grow. Fast. Africa Eats Ltd. began just over a year ago with 27 fledglings all growing, but nearly all lacking the resources to grow as quickly as they desired. A year later, this novel investment holding company has raised over $2 million to help meet those needs. Where did that money go? Operational capital –...

Elephants, bigger than Zebra, not mythical like Unicorns

Zebra’s may fix what Unicorns break, but that hasn’t stopped the investing world from their focus on hunting unicorns. Maybe a little in the impact investing space, but there the world of young companies is split into “startups” and “SMEs” with the latter still looked upon as potential unicorns and the latter often derided as unworthy of investment. Rather than debate either of those two...

61% Compounded Annual Growth

The first six months 2021 revenue numbers are in from our 27 investees. $8.3 million (USD equivalent). If the second half simply doubles the first, growth for the year will hit 70%. Amazing given the bizi are still dealing with lockdowns, power outages, along with the other common setbacks from young companies. Even more impressive is what happens when you ask the spreadsheet to calculate the...

Helping farmers by investing in the supply chain

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...

Historic and Future Revenues – 2014-2020

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...

The path to a public holding company

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...

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