Forbes: A Nice Overview of Africa Eats

Forbes - Novel Holding Company - Africa Eats

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.

https://www.forbes.com/sites/annefield/2021/07/31/novel-holding-company-africa-eats-has-raised-18m-for-its-impact-startups/?sh=33322fd0c0f2

And note that between the time of the interview and publication, three more investors committed another $300,000+, so the “almost $2 million” in the article will in the next few weeks be “more than $2 million”.

It’s almost time for Africa Eats’ annual “Gathering”, where all of the bizi founders fly to Nairobi for two days of facilitated discussions including a deep dive into building the missing business infrastructure for African SMEs, including a plan to unlock the capital markets. This event is unlike any other we know of. It is the day after Sankalp, but far more interactive...

If you have to summarize Africa Eats into just seven words… Africa Eats helps quickly scale up SMEs. Give us more words and we’ll talk about investing in the food/ag supply chain, filling in the gaps of business infrastructure, and our progress ending hunger and poverty. But we do all that by helping SMEs scale up from tiny to millions in annual revenues. Below are seven examples of...

Africa Eats was founded in July 2020, but the business plan was written back in late 2018 and the financial model iterated many times in 2019. It is interesting to look back at the early models to see what has changed. Little has changed in terms of structure, but quite a lot has changed in terms of scale. The 2019 model seemed aggressive at the time, but now it looks tame. In 2019 the estimate...

Africa Eats’ mission is to lower hunger and eliminate poverty across Africa. Dropping post-harvest losses from 40% to 2% is one way to lower hunger. The other is increasing the incomes of farmers, which simultaneously and directly eliminates poverty. On average, the bizi double the income of their farmers. We’ve seen that proven in the first 60 Decibels report on the farmers of East...

Forbes: A Nice Overview of Africa Eats

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