Africa Eats published the highlights of Q2 2026. This report and all prior and future reports can be found on tuesday.africa/EATS. Tripled Africa Eats was founded in July 2020, with an initial share price of $1.00 per share. On June 17th, shares of EATS traded at $3.00 per share, tripling in value in just under six years. A venture capital or private equity fund that tripled in value in its 10...
Last month Africa Eats reached a new milestone, tripling in share price from the $1.00 USD upon incorporation in July 2020 to $3.00 USD by June 2026. A 3x ROI to our initial shareholders. If Africa Eats were a 10-year fund, a 3x return after 10 years of illiquidty would be a top decile return. But, of course, Africa Eats isn’t a fund, it is instead a liquid, publicly listed investment...
Africa Eats shared the highlights of Q1 2026 on a Zoom call with shareholders. A video recording of that call is below. The written report can be downloaded here, the slides from this presentation here, and all published reports are available on tuesday.africa/EATS: 00:00 Welcome00:28 Mission01:07 2026 Annual Gathering03:44 Bizi03:56 Aggregate Revenues05:01 Valuation09:58 Quarterly Financial...
Nyota manufactures frozen vegetables, fruits, and beans under the brand name Frozen Isle and sauces under the brand Ntamu. And now, thanks to Africa Eats, is doing so using 25KW of solar power on the roof of their factory outside Nairobi, Kenya.
africaeats.com/nyota/
In this conversation, Luni Libes, CEO of Africa Eats, discusses the transformative potential of impact investing in Africa, focusing on agriculture and food security. He shares insights on how his approach differs from traditional venture capital, emphasizing profitability and sustainable business models. Luni highlights the unique challenges and opportunities within the African startup...
Africa Eats shared the highlights of Q3 2025 on a Zoom call with shareholders, recorded below:
00:00 Welcome 21:30 Foward Looking 30:20 Q&A
See tuesday.africa/EATS for the latest share price, audited financial reports, announcements, and news.
Seven years is a very long time to try and predict into the future. Most new businesses do not attempt to project that far out. Normally it is just 3 years. 5 years at most. In the latest quarterly report, Luni Libes (CEO) took a look back at the very first financial model, built back in August 2018, seven years and two months ago. If Y1 is 2018, then Y7 is 2024, which means that we can actually...
Africa Eats’ 2026 Annual Gathering will be on February 5th, 2026 in Nairobi, Kenya. This is the event where we fly all of the bizi founders fly to Nairobi for two days of facilitated discussions and training, and where we invite guests to join for the first of those days. This event is something of an unconference. The overall theme is building the food/ag supply chain across Africa, and...
One of the benefits of owning a publicly listed company is far greater transparency into a company’s financials and workings, and that includes analysis of all that information by 3rd party analysts. The first of these to cover Africa Eats is Emerging & Frontier Capital (EFC), “an independent equity research house specialising in emerging and frontier markets, offering unbiased...
“The business model we invest in is pretty simple. Pick a crop, find a few hundred farmers who grow it, buy from them, do something with the crop, and sell to retailers. That’s the model.” – Luni Libes It sounds almost obvious, yet the portfolio’s performance is astonishing: Africa Eats portfolio companies have grown revenues by a staggering 55% CAGR in 11 years. No blue-ocean strategy here...