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.
Kalahari Honey a honey aggregator, packager, and distributor from Botswana that produces honey and honey wine for both local and export market. Botswana is home to the world’s largest elephant population. 70% of the country is a desert, and 80% of the population practices some form of agriculture leaving only 30% of land habitable the conflict between human and wildlife is inevitable. Every year...
There are only two ways in which a nation that fed 8.9 million in 1962 at independence can feed 12+ million now and 20+ million by 2050. Either by clearing more forest or improving productivity. Rwanda so far has done more clearing than improving on productivity. Golden Cat exists to improve productivity through improved irrigation, use of fertilizer, technology and innovation, all using a...
Geossy is a commercial aquaculture farm based in Tororo District, Eastern region of Uganda Geossy produces tilapia for sale to local and regional markets as well as fish feeds and fingerlings for its own fish farm and for sale to other fish farms in Eastern Uganda. Geossy currently owns a 19 acre hatchery, a 50-year commercial fish license to farm in Lake Victoria, Majanji District, and two feed...
90% of Ugandan energy comes from biomass fuel with only 1% from electricity. Charcoal production in Uganda is estimated at 0.85 million tons per year. This high consumption can no longer be sustainable, requiring cutting down of 75 million trees annually. Green Charcoal Uganda manufactures carbonized and non-carbonized briquettes from palm kernel husks, rice husks, coffee husks, and...
Agriculture is the biggest business in rural Ghana and in the northern half of the country, the challenges of that work are increasing as the drying climate extends the Sahara Desert further and further south into Ghana. Tilaa is a sustainable beekeeping and honey production company that aggregates and sells high quality honey, beeswax, other bees products.as well as cashew nuts and animal feed...
Papoli Farmers’ Association (PFA) works together with smallholder farmers to raise turkey on pasture, grains and red worms, giving the farmers the vital inputs. PFA aggregates the birds, processes and sales to various outlets like supermarkets, butcheries and hotels. We focus on turkey as malnutrition continues to be a huge developmental challenge for Uganda and is one of the principal causes of...
Obamastove was founded in 2007 by an Ethopian refugee, who as a teenager was saved from the fighting and famine at home, fled to Kenya and then was brought to the United States. Rather than remitting cash back to his family, as is the norm, he decided to set up a cookstove company, creating jobs and income for his whole community. Many years later, the company has grown beyond everyone’s...
Kenyan chickens consume over 900 thousand tons of feeds per year. Total demand is estimated at 1.4 million tons, left unfilled due to lack of domestic production and high costs. This disparity is greater in the more rural part of Kenya. In Kisii Country, demand is estimated at 80,000 tons, but only 14,000 tons are consumed. Boka Eats has the potential to meet all of this demand, plus...
“When talking about malnutrition [in Africa], it is estimated that [malnutrition] is the underlying cause of 35% to 40% children’s deaths” – The World Health Organization Malnutrition is not just a lack of calories, it is caused by a lack of protein and essential amino acids, both most easily supplied with meat. The problem isn’t a lack of nutritional knowledge, it is a lack of affordable...
Tanzania spends over $300 million USD importing 22 million liters of milk each year, despite the country having the 2nd most amount of cattle in Africa. Rogathe Dairy Farm Products processes and distributes 3,500 liters of raw milk daily (up from 350 liters thanks to the investment from the Fledge accelerator), collected directly from smallholder dairy farmers, fortified with vitamins and...