Africa Eats begins with 27 fledglings from Fledge, wraps them in a holding company, and with that creates a diversified, fast-growing, institutional-scale investment that aim to be public by 2024. A company with aggregate revenues across its 27 subsidiaries of over $7 million in 2019, growing 51% CAGR since 2014, all while growing the revenues of tens of thousands of smallholder African farmers and feeding millions of Africans.
Our CIO Oliver Müller was honored to attend the exclusive "Bell Ringing Ceremony" 🔔 on Tuesday, 3rd December 2024, to mark the launch of the new #SEMx segment of The Stock Exchange of Mauritius Ltd. for fast-growing, profitable SMEs, and the successful listing of Africa Eats (EATS), an investment company focused on investing in companies that are building out the food and agricultural supply chain across the continent of Africa, as well as two of its portfolio companies, Ziweto (ZWTO) and Elite Meat (ELIT).
The business model of EATS is to invest in good companies at fair prices and to hold on to them for the long term. This together with its overarching objective of lowering hunger and poverty in Africa resonates with Accresco Investment Mgmt's investment philosophy of #Sustainable#Value#Investing.
Congratulations 👏 for this important milestone to 'Luni' Libes, Jumaane Tafawa, Victor Chambayika Mhango, Herve Tuyishime, Sunil Benimadhu, Shamin Ahmad Sookia, Krystel Dookhith, CFA, Perigeum Capital,
OneLink Ltd., and everybody else involved in making this launch a success.
Africa Eats, my 8th startup and #BerkshireAfrica investment company is now a public company... along with two of our #bizi. Far easier said than done...
The easy way to blow up a dam is the least intuitive. It starts with just a few cracks. And the same lesson applies to #startups, #entrepreneurship, and systems #change
In today’s episode of Superpowers for Good, I had the pleasure of welcoming back a dear friend and visionary entrepreneur, 'Luni' Libes, the CEO of Africa Eats. Luni is not only an inspiring leader but also a key investor in the super crowd. His innovative company, Africa Eats, is on a mission to end hunger and poverty in Africa through a unique for-profit model, currently crowdfunding on WeFunder.
Luni shared the story of how Africa Eats operates differently from traditional non-profits and government initiatives. "We're jumping in as a for-profit company to lower hunger and to literally pull people out of poverty," Luni explained. This approach allows Africa Eats to scale its impact sustainably and efficiently.
The company has invested in over 20 enterprises across Africa, focusing on enhancing the food and agriculture supply chain. Luni highlighted how Africa Eats supports small-scale farmers by aggregating their produce and selling processed food in urban markets, thereby doubling the farmers' incomes. "We’ve seen it grow from a few hundred farmers to thousands of farmers," Luni shared, illustrating the substantial growth and potential of these ventures.
One of the most compelling aspects of Africa Eats is its commitment to reducing food loss. By managing the supply chain professionally, the company cuts down food loss from the typical 30-40% to just 5-6%, making a significant impact on both food security and economic savings for the continent.
Luni’s vision extends beyond just a few companies. He envisions replicating this model across sub-Saharan Africa, empowering more entrepreneurs and scaling operations to new heights. "We could replicate this. We can either bring this company to the next country over or find another entrepreneur in another part of the continent that wants to do the same thing," Luni said, underscoring the vast potential for growth.
The journey of Africa Eats is a testament to the power of combining profit with purpose. As Luni confirmed, "When you are doing good profitably, the good becomes infinite."
Watch all of today’s episode to hear more about Africa Eats’ transformative work and how you can be part of this incredible mission.
Watch, listen or read more at http://s4g.biz/08aug24.
#africa#ImpactCrowdfunding#DiverseFounders#SocialEntrepreneurs#CommunityCapital#ImpactInvestors#RIC#InvestmentCrowdfunding#SuperCrowd
Luni and Jumaane, the co-founders of Africa Eats have published a book, “Berkshire Africa” that explains how our unique investment company has applied the learnings of venture capital, business accelerators, and Berkshire Hathaway toward solving hunger and poverty across Africa.
https://lnkd.in/gpw4XVMf
Over half of all working age Sub-Saharan #Africans work in #agriculture. More than 1/3rd in #Nigeria, the most populous country. 1/3rd in #Kenya. Even 19% in #SouthAfrica, despite its head start development. As a comparison, less than 2% of Europeans and less than 2% of Americans work in agriculture.
Business unusual: business and investment pioneers
An increasing number of pioneering businesses and investors operating along forest and agriculture supply chains are leading the charge to transform the deeply flawed dominating economic models for the benefit of people, nature and climate.
This report documents and highlights success and lessons learnt from 18 inspiring examples of businesses and investors who are progressing from ‘business as usual’ to ‘business unusual’ by adopting practices that embrace complexity and challenge existing business and investment paradigms and power dynamics.
https://lnkd.in/gQ9dB_9T
Business unusual: business and investment pioneers
An increasing number of pioneering businesses and investors operating along forest and agriculture supply chains are leading the charge to transform the deeply flawed dominating economic models for the benefit of people, nature and climate.
This report documents and highlights success and lessons learnt from 18 inspiring examples of businesses and investors who are progressing from ‘business as usual’ to ‘business unusual’ by adopting practices that embrace complexity and challenge existing business and investment paradigms and power dynamics.
https://lnkd.in/gQ9dB_9T
