Africa Eats is based in Africa, not Asia, but David Kim wanted to hear the story and share it with his global audience.
Podcast; CEO Roundtable bridging Asia
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Which sounds and feels biggest? $2.83 million per month $8.5 million per quarter $34 million per year Back in mid-2020, when Africa Eats was founded, we were touting total aggregate revenues across the whole portfolio of companies as $7 million. That was the actual revenue earned by the “bizi” in 2019. In the three months of Q2 2023 (April-June), the bizi earned $8.5 million. That is...
Venture capital and angel investing are realms filled with unspoken assumptions. One such assumption is that companies should burn through substantial capital before even considering profitability. This notion is misguided! Countless startups, often overlooked by these investors, are compelled to be profitable to survive. If these investors took a moment to recognize these startups, they would...
The biggest challenge the bizi face is keeping up with demand. Truly. Those challenges then trickle down to the other common challenges of scaling up: hiring, operational capital, expanding systems, etc., but the root cause of capital needs at Africa Eats is the “high class problem” of too many orders. For example, here in 2023 Rwanda is one of the 10 fastest growing economies on the...
Africa Eats is not a passive investor in the bizi. We talk to at least one of them each day, helping through the latest challenges or helping think through the next big strategic decision. Plus a few times per year we burn a little jet fuel and many hours of driving to go visit in person. The latest of these visits was to Accra, Ghana to visit Agromyx, which has expanded its product line from...