Africa Eats published the highlights of Q2 2026. This report and all prior and future reports can be found on tuesday.africa/EATS.
Tripled
Africa Eats was founded in July 2020, with an initial share price of $1.00 per share. On June 17th, shares of EATS traded at $3.00 per share, tripling in value in just under six years. A venture capital or private equity fund that tripled in value in its 10-year lifetime would typically be ranked in the top 10% of funds. Tripling in just 6 years is far rarer. Tripling and having that investment be as liquid as an NYSE or NASDAQ listing is almost unheard of.
Two New Bizi
OKB and Movnn were added to the portfolio. Both are based in Nigeria, which had been missing from the map.
Balance Sheet
The enterprise value (NAV) of Africa Eats is the total assets minus liabilities. The NAV per share divides this by the total number of issued shares. At the end of Q2 2026, this value is: $35,337,739 ÷ 11,731,599 shares = $3.01
As of the end of Q1 2026, the share price was $3.00, keeping up with the enterprise value.
More
The full Q2 report includes the detailed financial reports along with more news.
