Over 100,000 smallholder farmers

In Business overview
August 10, 2022
1 Min read
O

The bizi of Africa Eats work with over 100,000 smallholder farmers, buying their outputs or providing their inputs. In either case, growing the incomes of these farmers between 40% and 500%, turning a typically subsistence activity into a middle class income.

Growing this network above 100,000 took quite some time, as there needs to be a buyer for every piece of fruit, bag of maize flour, or chicken produced by these farmers. For example, back in 2014, in it’s first year of operations, East Africa Fruits bought produce from 50 farmers. That network has grown to 5,700 farmers here in 2022. 110x growth in 8 years.

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5 months ago

Fast-growing SMEs

In Business overview
5 months ago
4 Min read
07December

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...

6 months ago

Ahead of Plan (Looking Back to Look Forward)

In Business overview
6 months ago
1 Min read
08November

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...

6 months ago

Increasing Incomes and Improving Lives (II)

In Business overview, Impact
6 months ago
2 Min read
01November

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...

10 months ago

Profitable, and Rising

In Business overview
10 months ago
1 Min read
16July

Africa Eats quite often touts the fast growing revenues of the bizi. But are they profitable? Profitabilty is not commonly a question asked of early-stage fast-growing companies. Over in the corner of venture capital funding tech-based startups, profits are often an afterthought. But the bizi are not tech-based and the reason past updates have not discussed profits is that the bizi are far more...

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