"The VC model is the wrong fit for Africa. Do something different."
With guests Luni Libes
Episode notes
On this episode of Limitless Africa, we speak to Luni Libes, CEO and founder of agriculture investment company Africa Eats. As of December 2024, Africa Eats was listed on the Mauritius Stock exchange. Luni Libes is an intrepid investor and the real deal: the 23 active companies in the Africa Eats portfolio had a combined revenue of $44 million dollars last year - up from only one million when he started investing. Luni has surprising thoughts on what investment model works best for Africa - no VC funds for him.
Transcript
🌟 IN THIS EPISODE:
2:53 Building the largest agro vet supply company in Malawi
3:50 Building the biggest sausage supplier in Rwanda
5:09 From tens of thousands of dollars to a million in six years
9:10 The reality of farming in Africa
11:39 Banks don’t lend
12:46 From software to farming
15:19 The problem with VC
19:53 How investors cash out
23:10 Risk in Africa
27:06 Berkshire Hathaway VS Africa Eats
30:49 How trade barriers help
💬 QUOTES TO REMEMBER:
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