Which of the dozens of fast-growing companies in the portfolio grew the most in 2021? There are two ways to answer that question. Agro Supply, by percentage Measured by percentage, Agro Supply grew the fastest, from $217,000 of of revenue in 2020 to just over $1 million in 2021. Nearly five-fold for the year. This is a company with a unique model for smallholder farmers to invest in agriculture...
Today we launch a crowdfunding campaign on Wefunder, leveraging the American crowdfunding laws that let anyone anywhere in the world invest (legal-disclosure). Mid way through Day 1, and the total pledged investments is $326,178 toward our initial goal of $500,000. Pleas help us surpass that goal this week. Details on the company and investment opportunity are at Minimum investment is just $100...
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...
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...
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.
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...
Africa Eats is based in Africa, not Asia, but David Kim wanted to hear the story and share it with his global audience.
Luni’s backstory starts the episode, Why Africa at 29:00, Africa Eats at 38:30
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