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...
Africa Eats lowers hunger and poverty in Africa by investing. We do this using a unique three part business model. The video above explains those three parts in two minutes, and the Berkshire Africa book explains it in 100 pages.
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. We’ve explained this before, in brief, but now have a 160-page book with far more details, including...
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 South Africa, despite its head start development. As a comparison, less than 2% of Europeans and less than 2% of Americans work in agriculture. The contribution of agriculture to GDP disproportionate, but that is an artifact of the way GDP is...
Gertrude Matche of Diversity Connector talked with Luni Libes, Africa Eats’ co-founder/CEO about the challenges of solving hunger and poverty in Africa, and the path Africa Eats has taken to impact those pressing issues… as a for-profit investor.
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