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

Elephants, bigger than Zebra, not mythical like Unicorns


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


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


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...

20 Investments… a slow year


We often compare the investment holding company model to the more common venture capital fund. A typical venture fund makes 15-20 investments in its 10 year lifetime. Or more specifically, it finds and invests in 15-20 total companies, often joining in one, two, or three rounds of investments per company over 10 years. Africa Eats began with a portfolio of 27 companies. We’ll eventually add...

Growing protein in Rwanda


Rwanda has one of the fast growing economies of the world and as more and more Rwandans leave poverty and enter the middle class, their demand for protein, especially meat, growth even faster. The same demand was seen over a century ago when Europe grew itself out of poverty and replicated again in Asia over the last few decades. This is the trend that led Herve Tuyishime to start Paniel Meat...

An order for 1,476 beehives


Swahili Honey is finishing up an order for delivering 1,476 new beehives in Tanzania.

Building beehives is a small part of Swahili Honey’s business, but important as the main business is aggregating, processing, bottling, and distributing honey from smallholder farmers throughout Tanzania. 980 farmers in 2020 growing past 1,200 in 2021, many of which will be using these new beehives.

Training farmers


Talk to 100 foundations and government offices about their solution to hunger and poverty in Africa, and you’ll find hundreds of programs that send people out to the villages to train the farmers. These programs are pushing on a rope. Africa Eats pulls on the rope. Specifically, we invest in supply chain companies that buy from smallholder farmers. When you buy from the farmers, they then...

An Anti-SPAC


SPACs are the big new old thing in American finance this year. What is a SPAC? It’s a pile of money in search of a business. Africa Eats is an anti-SPAC. It’s a pile of companies in search of money. SPACs exist because the system for funding high-growth private companies in the United States is far from efficient, and that includes the process for listing shares on a stock exchange...

Helping farmers by investing in the supply chain


Every year at Sankalp Africa and countless other conferences the big NGOs, governments, and other institutions talk about helping smallholder farmers. The story rarely changes. Post-harvest losses. Low yields. More and better training. At Africa Eats, we think there is a better, far more efficient solution to these problems. Rather than funding and training farmers, we invest in and support the...

Historic and Future Revenues – 2014-2020


Aggregate revenues across the Africa Eats portfolio companies for 2020 came in at $9.9 million, up from $7 million in 2019, more than double the $4.6 million from 2018, a sixteen-fold increase from the $600,000 in 2014. Actual Aggregate Revenues 2014-2020 $9.9 million was over $1 million above our projections for 2020, as reported seven months ago in our first public post sharing revenues. Why...

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