When the words “cash crop” is used in Africa, most people think first about coffee, tea, and cacao, if not also about cashews, mangoes, and palm oil. But no, those thoughts overlook the staples of cassava, maize, and yams, and the huge quantities of bananas, tomatoes, onions, and rice. Some of these products are grown more in Africa than anywhere else in the world: More more details...
Why are the opportunities in Africa larger than elsewhere in the world? Simple. Demographics. The average age in Europe is 42, with more people retiring each year than children being born. THe same is soon true in America, Asia, and Australia. But in Africa, the average age is only 19. In simple terms, half of everyone in Africa is child or teenager. A bit younger if you leave out North Africa...
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...