Africa Eats

Despite over ¾ of Africans being farmers or children of farmers, not every African is able to eat three meals per day. Most of that is due to post-harvest losses, with up to ⅓ of the grain and almost ½ of all the fruit and vegetables grown never making it to a plate to eat.

Because of the post-harvest losses, Africa spends tens of billions of dollars per year importing food. Ending this downward spiral of mounting debt ends when Africa is a net exporter of food.

There is far too much friction in funding the existing, homegrown, for-profit solutions to hunger and poverty too often ignored by financial institutions. Not just initial funding, but growth-stage funding and critical financial services.

A solution for all these issues is Africa Eats, a holding company with a diverse set of African food/ag companies supporting hundreds of thousands of smallholder farmers, feeding millions of Africans.

Africa Eats does not try solving this problem from scratch, but instead begins with 30 fledglings (graduates) of Fledge, the global network of conscious company accelerators. 30 young, for-profit, growing companies chosen from thousands as most likely to succeed, with impact embedded in their product or service, and who have all received two months of intense training, capital, and follow-on support. 30 companies which in 2021 earned over $16 million in aggregate revenues and which worked directly with over 100,000 smallholder farmers.

See how it works in more detail and contact us if you are interested in owning a piece of this fast-growing portfolio or if you can help us grow these companies even faster.

Latest stories

Amuria Honey

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From the founders of Geossy comes Amuria Honey, a new honey processor based in the Amuria District of Uganda.

Agriculture, Africa & 100x growth

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Podcast #1 Wishes Granted, interviews of the top impact funders so that entrepreneurs and funders, no matter what continent they are on, can connect and build a great future. Today we talked about Africa Eats which is not an investment fund but a holding company–a totally new way to provide capital to entrepreneurs that I think we will see a lot more of. You can best think of Africa Eats as...

Invest in Africa Eats

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Today we launch a crowdfunding campaign on Wefunder, leveraging the American crowdfunding laws that let anyone anywhere in the world invest (legal-disclosure). Mid way through Day 1, and the total pledged investments is $326,178 toward our initial goal of $500,000. Pleas help us surpass that goal this week. Details on the company and investment opportunity are at Minimum investment is just $100...

Growing farms full of cashew trees and beehives

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Bees play an important role in Africa’s agricultural system, where they pollinate 80% of flowering plants and one-third of food crops. The economic benefits of bee pollination are also clear: The yields of major cash crops, such as sesame and cotton, increased by 60% in Burkina Faso when bees pollinated them. By fully investing in this value chain, top-producing African countries could earn...

Stories of for-profit solutions to hunger and poverty

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There are so many incredible stories to share at Africa Eats. Here is a sampling of the type of solutions we’ve invested in. Homegrown, for-profit solutions with measurable impacts lessening hunger and poverty across Africa.

For more stories, listen to The Opportunity is Africa, a podcast brought to you by Africa Eats

Forbes: A Nice Overview of Africa Eats

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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. And note that between the time of the interview and publication, three more investors committed another...

$2+ million in growth capital

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What do 27 baby elephant companies do with $2 million of growth capital? They grow. Fast. Africa Eats Ltd. began just over a year ago with 27 fledglings all growing, but nearly all lacking the resources to grow as quickly as they desired. A year later, this novel investment holding company has raised over $2 million to help meet those needs. Where did that money go? Operational capital –...

Elephants, bigger than Zebra, not mythical like Unicorns

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Zebra’s may fix what Unicorns break, but that hasn’t stopped the investing world from their focus on hunting unicorns. Maybe a little in the impact investing space, but there the world of young companies is split into “startups” and “SMEs” with the latter still looked upon as potential unicorns and the latter often derided as unworthy of investment. Rather than debate either of those two...

61% Compounded Annual Growth

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The first six months 2021 revenue numbers are in from our 27 investees. $8.3 million (USD equivalent). If the second half simply doubles the first, growth for the year will hit 70%. Amazing given the bizi are still dealing with lockdowns, power outages, along with the other common setbacks from young companies. Even more impressive is what happens when you ask the spreadsheet to calculate the...

Saving and investing in seeds – Agro Supply

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Most of us are used to savings and investments being the realm of banks and brokers.  But for the masses in Uganda (and Sub-Saharan Africa) the banks are too far and too expensive and the local currencies a poor way to save. Instead, savings often take the form of bricks to build a home or a few chickens to feed the children or now with Agro Supply, seeds for the next planting season...

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