Africa Eats management shares the highlights of Q4 2024, a preliminary view of 2024 financial statements, aggregate bizi revenues for 2024, and an announcement of the Q1 private placement. The slides presentation is available on tuesday.africa/EATS. Some highlights include: The updated map. 22 bizi based in 8 countries, selling to many more. Africa Eats, Elite Meat (dba PMP), and Ziweto publicly...
A year ago we touted $36 million in aggregate annual revenues from the bizi for calendar year 2023, up from $24 million we reported in 2022, up from only $600,000 back in 2014. That is a compounded growth rate of 55% of the past 11 years. Looking back to the 2010s, what is most obvious is how small all these companies were back then. Common SMEs like hundreds of thousands of others. The big...
If you have to summarize Africa Eats into just seven words… Africa Eats helps quickly scale up SMEs. Give us more words and we’ll talk about investing in the food/ag supply chain, filling in the gaps of business infrastructure, and our progress ending hunger and poverty. But we do all that by helping SMEs scale up from tiny to millions in annual revenues. Below are seven examples of...
Episode 160 with Luni Libes, a serial entrepreneur, investor, and impact-driven venture builder. Luni is the founder and CEO of Africa Eats, an innovative investment company tackling food insecurity and poverty across Africa by scaling profitable, for-profit agribusinesses. He also leads SEMX, a groundbreaking initiative unlocking public capital markets for African SMEs.Africa Eats invests in and...
Business Magazine (of Mauritius) covered the story of the launch of the SEMX in its latest issue. The translation from French to English is below. Screenshot AFRICA Eats, Elite Meat Processors and Ziweto Holdings are the three companies listed simultaneously on SEMX, a new segment targeting African companies. To qualify for SEMX, Vickram Ramful, Head of Listing at SEM, specifies that a company...
Africa Eats (EATS), Ziweto (ZWTO), and Elite Meat (ELIT) were publicly listed on December 3rd. One month later… the price of all three companies shares are up from December, thanks to new investors buying shares through the stock market. stockexchangeofmauritius.com/products-market-data/sem-x-segment/trading-quotes The liquidity of these shares is made possible by Tuesday Markets, the first...
The original business model at Paniel Meat Processing was for 100% of the animals to be raised by Rwandan smallholder farmers. The “high class” problem in the last year is that demand increased so quickly that the only reasonable path was to build out some in-house animal production, starting with chickens. A hatchery for day-old chicks, six chicken houses, and an abattoir. Enough...
On December 3, 2024 three companies listed on the Stock Exchange of Mauritius (SEM): Africa Eats (EATS), Ziweto (ZWTO) and Paniel Meat Processing (ELIT, trading under the name Elite Meat) on the SEM X, a new market segment focusing on fast-growing SMEs. Ziweto and PMP are the first two companies to be listed. The plan is to list the other fast-growing bizi in the years to come, and to have others...
December 3, 2024 – Africa Eats (EATS) is the latest company to list on the Stock Exchange of Mauritius (SEM), along with two of our bizi: Ziweto (ZWTO) and Paniel Meat Processing (ELIT). These three companies are the first three listings on the SEM X, a new segment on the SEM’s Official Market for high-growth, profitable companies. A segment designed to help companies with a history...
The GDP per capita metric is helpful to gauge the level of economic development within a region, but misleading in that the metric gets skewed by extraction-based industries like mining and oil (which is why Botswana, Namibia, and Gabon) are higher than their neighboring countries). Visual Capitalist has published a map of the per-capital GDPs of most of the African nations (in most cases rounded...