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...
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Nigeria is the most populous country in Africa with almost 250 million citizens. Unlike other African countries, the population is not concentrated in one large metropolitan areas. There are 17 cities with populations in excess of 500,000 people, 6 of which have populations over 1 million people. In practice this makes logistics a key piece of infrastructure for food/ag distribution and commerce...
TRIPLED!
Last month Africa Eats reached a new milestone, tripling in share price from the $1.00 USD upon incorporation in July 2020 to $3.00 USD by June 2026. A 3x ROI to our initial shareholders. If Africa Eats were a 10-year fund, a 3x return after 10 years of illiquidty would be a top decile return. But, of course, Africa Eats isn’t a fund, it is instead a liquid, publicly listed investment...
AGM 2026 Q&A
25 minutes of unscripted Q&A between Africa Eats’ shareholders and Luni Libes, CEO
Why did we list on a stock exchange?
Why is Africa Eats a publicly listed company? Why did we do that when the company was valued at just $25 million? Why Mauritius? Recorded live at Africa Eats’ 2026 Annual Gathering. Africa Eats’ co-founders Luni Libes and Jumaane Tafawa answer these and related questions. A glimpse into the internal-only Day 2 activities of that event. AI SUMMARY: Key Highlights & Core Motivations...
How do you value the bizi?
How do you value a portfolio of fast-growing, profitable African SMEs? Carefully. One by one. Using a mix of fundamentals, depending on the stage of growth, historic performance, and other factors: Recorded live at Africa Eats’ 2026 Annual Gathering. Africa Eats’ co-founders Luni Libes and Jumaane Tafawa explain to the bizi how the world values their companies, and through that how...
What do Farmers Need?
What do African smallholder farmers need? No one truly knows. No one that we know of has ever asked more than 1,000 (of the hundreds of millions) what they think they need. Recorded live at Africa Eats’ 2026 Annual Gathering. This is a discussion between Africa Eats’ co-founders Luni Libes and Jumaane Tafawa with the founders of the bizi. A glimpse into the internal-only Day 2...
The Q1 2026 Earnings Call
Africa Eats shared the highlights of Q1 2026 on a Zoom call with shareholders. A video recording of that call is below. The written report can be downloaded here, the slides from this presentation here, and all published reports are available on tuesday.africa/EATS: 00:00 Welcome00:28 Mission01:07 2026 Annual Gathering03:44 Bizi03:56 Aggregate Revenues05:01 Valuation09:58 Quarterly Financial...
2025 Annual Report
As a publicly listed company Africa Eats publishes a detailed report of its annual activities along with audited financial reports. This year’s Annual Report includes details on: Aggregate portfolio revenues Aggregate portfolio profits Another lesson from Berkshire Hathaway New bizi Failed bizi Compliance ESG The Annual Gathering Financial reports Stock price Team The complete report from...

