5 months ago we posted: What sets elephants apart is that they can grow to be huge, that they grow steadily and rather quickly, and that most of all, while they have the mystique like a unicorn, they are real, not mythical.
How fast do our elephants grow?
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Above are the actual revenues from four of the largest companies in the Africa Eats portfolio. The eight largest companies are expected to each earn over $1 million in 2021.
Ten others will earn between $100,000 and $999,999. Many of their growth rates look similar, with expectations that most of this group will be above $1 million in annual revenues in 2022 or 2023.
![](https://www.africaeats.com/wp-content/uploads/2021/12/Picture6.png)
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Of course the whole portfolio isn’t flawless. We work in food/ag and thus deal with floods and droughts along with the plethora of issues that have come along with the pandemic.
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But as a whole, revenues continue to climb at a rate that more than doubles every 18-24 months. And in aggregate, revenues for the whole portfolio reached $12 million for for the first three quarters of 2021, on track to grow more than 50% year over year from 2020, more than double the aggregate in 2019.
![](https://www.africaeats.com/wp-content/uploads/2021/12/Aggregate-Revenues-2014-Q32021-actuals-1024x536.png)
If you would like to own a piece of this portfolio, contact us. If you are an institutional lender who likes to help companies grow faster, please contact us.