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 two dozen fledglings (graduates) of Fledge, the global network of conscious company accelerators. Dozens of 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. Companies which in 2022 earned over $24 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.
Nyota manufactures frozen vegetables, fruits, and beans under the brand name Frozen Isle and sauces under the brand Ntamu. And now, thanks to Africa Eats, is doing so using 25KW of solar power on the roof of their factory outside Nairobi, Kenya.
africaeats.com/nyota/
Africa Eats listed on the Stock Exchange of Mauritius 11 months ago. How is the stock performing as a public company. Fifth best performer year-to-date, up 18% for the year: Up over 2.6x over the last five years. The stock price was $1.00/share upon incorporation, and the price closed today at $2.68, up again from when the screen shot below was taken. Anyone in the world can buy shares via...
In this conversation, Luni Libes, CEO of Africa Eats, discusses the transformative potential of impact investing in Africa, focusing on agriculture and food security. He shares insights on how his approach differs from traditional venture capital, emphasizing profitability and sustainable business models. Luni highlights the unique challenges and opportunities within the African startup...
Africa Eats shared the highlights of Q3 2025 on a Zoom call with shareholders, recorded below:
00:00 Welcome 21:30 Foward Looking 30:20 Q&A
See tuesday.africa/EATS for the latest share price, audited financial reports, announcements, and news.
Recorded live at AFSIC, the continent’s leading investment conference connecting investors, dealmakers, and African business leaders.
afsic.net
Seven years is a very long time to try and predict into the future. Most new businesses do not attempt to project that far out. Normally it is just 3 years. 5 years at most. In the latest quarterly report, Luni Libes (CEO) took a look back at the very first financial model, built back in August 2018, seven years and two months ago. If Y1 is 2018, then Y7 is 2024, which means that we can actually...
Afrihealth improves lives by raising the value of livestock, providing smallholder farmers access to quality and affordable veterinary and animal nutrition products through a network of hundreds of local agrovet shops in Eastern Uganda. Livestock constitutes 3.8% OF GDP in the whole of Uganda. Eastern Uganda has a total of 11 million chickens, 2.6m goats, 2.5m cattle, 400,000 sheep, 700k pigs...
Africa Eats’ 2026 Annual Gathering will be on February 5th, 2026 in Nairobi, Kenya. This is the event where we fly all of the bizi founders fly to Nairobi for 2-3 days of facilitated discussions and training, and where we invite guests to join for the first of those days. Screenshot Africa Eats is not a fund. We are not investor and investee. Africa Eats is the HQ team and all the bizi...
One of the benefits of owning a publicly listed company is far greater transparency into a company’s financials and workings, and that includes analysis of all that information by 3rd party analysts. The first of these to cover Africa Eats is Emerging & Frontier Capital (EFC), “an independent equity research house specialising in emerging and frontier markets, offering unbiased...
“The business model we invest in is pretty simple. Pick a crop, find a few hundred farmers who grow it, buy from them, do something with the crop, and sell to retailers. That’s the model.” – Luni Libes It sounds almost obvious, yet the portfolio’s performance is astonishing: Africa Eats portfolio companies have grown revenues by a staggering 55% CAGR in 11 years. No blue-ocean strategy here...
