We often talk about the resiliency of African entrepreneurs, and how the bizi founders refuse to give up when business gets difficult. Well… once upon a time, there was a $1.1 million annual revenue bizi whose revenues dropped to zero when a flood wiped out all of their farmers’ crops. I less resilient entrepreneur would have stepped away for good. Brigitha Faustin is not one to give...
African stock exchanges are notoriously illiquid. It is not uncommon on the Stock Exchange of Mauritius for 1/3rd of the companies to have no trades at all. Which is why Tuesday Markets was created, to create liquidity in African markets, starting with registering as a market maker for EATS, ELIT and ZWTO. And that effort is working. Below is an article from a Mauritian business magazine talking...
In terms of global population, Africa is by far the fastest growing region. 1.4 billion people today, expected to grow past 2 billion in next 20 years. Those huge numbers are hard to grasp. They boil down to 2.5 million more people living in Africa… each month. 2.5 million more people who need to eat… every day. 5 million every two months. 10 million every four months. 30 million more...
It took 14 months to list Africa Eats, Elite Meat, and Ziweto on the Stock Exchange of Mauritius. But now, when you walk into the stock exchange office, you can watch the live prices scrolling on the ticker.
On the todo list is to help bring more investors to this market so that there are fewer 0.00% changes each day.
Africa Eats management shares the highlights of Q4 2024, a preliminary view of 2024 financial statements, aggregate bizi revenues for 2024, and an announcement of the Q1 private placement. The slides presentation is available on tuesday.africa/EATS. Some highlights include: The updated map. 22 bizi based in 8 countries, selling to many more. Africa Eats, Elite Meat (dba PMP), and Ziweto publicly...
A year ago we touted $36 million in aggregate annual revenues from the bizi for calendar year 2023, up from $24 million we reported in 2022, up from only $600,000 back in 2014. That is a compounded growth rate of 55% of the past 11 years. Looking back to the 2010s, what is most obvious is how small all these companies were back then. Common SMEs like hundreds of thousands of others. The big...
On December 3, 2024 three companies listed on the Stock Exchange of Mauritius (SEM): Africa Eats (EATS), Ziweto (ZWTO) and Paniel Meat Processing (ELIT, trading under the name Elite Meat) on the SEM X, a new market segment focusing on fast-growing SMEs. Ziweto and PMP are the first two companies to be listed. The plan is to list the other fast-growing bizi in the years to come, and to have others...
A year ago we touted $24 million in aggregate annual revenues from the bizi for calendar year 2022, up more than three-fold from 2019. For 2023, that total exceeded $36 million, which is more than 5x in four years, and up 60x over the last decade. The bigger growth stories in 2023 were: TRUK Rwanda, which tripled in 2023 to $6.4 million in annual revenues, up from zero four years earlier as the...
Nothing replaces visiting companies in person. Next best from that are the video guided tours. If you’ve not watched all of those, try that tonight instead of Netflix. Beyond that, here are some images from the bizi in 2022. An original truck from TRUK Rwanda The winning pitch from East Africa Foods Ziweto‘s new animal feed factory Zamgoat processing goats Amuria Honey beehive...
Paniel Meat Processing and Livestock Bank, two companies created by the same founder merged back together in early 2022. Business is good, growing from $35,000 in annual revenues back in 2017 to over $1.5 million USD in 2022.
In short… it works. Quite well. To see what that means in practice, below is a site visit video shot this month in Kigali, Rwanda.