{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/62a71637d9f45a00126c9598/69315669d6bc23eda29c7107?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Investor Luni Libes - The VC model is just fundamentally the wrong fit for Africa. Do something different.","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/62a71637d9f45a00126c9598/1764930121776-aa3d6418-1cca-48c1-8789-8e9c16528421.jpeg?height=200","description":"<p>&nbsp;\"There's more change that can be made, more impact, more positive impact in people's lives through this kind of work, and plenty of money to be made.\"</p><p><br></p><p>On this episode of Limitless Africa, we speak to Luni Libes, CEO and founder of agriculture investment company Africa Eats. &nbsp;As of December 2024, Africa Eats was listed on the Mauritius Stock exchange.&nbsp;Luni Libes is an intrepid investor and the <em>real </em>deal: the 23 active companies in the Africa Eats portfolio had a combined revenue of<strong> $44 million</strong> dollars last year - up from only one million when he started investing. Luni has <strong>surprising</strong> thoughts on what investment model works best for Africa - no VC funds for him.</p><p><br></p><p>Plus: Why trade barriers on the continent could offer opportunity for growth. </p><p><br></p><p>🌟 IN THIS EPISODE:</p><p>2:53 Building the largest agro vet supply company in Malawi</p><p>3:50 Building the biggest sausage supplier in Rwanda</p><p>5:09 From tens of thousands of dollars&nbsp;to a million in six years</p><p>9:10 The reality of farming in Africa</p><p>11:39 Banks don't lend</p><p>12:46 From software to farming</p><p>15:19 The problem with VC</p><p>19:53 How investors cash out</p><p>23:10 Risk in Africa</p><p>27:06 Berkshire Hathaway VS Africa Eats</p><p>30:49 How trade barriers help</p><p><br></p><p>💬 QUOTES TO REMEMBER:</p><p>\"We're beating the S&amp;P 500 and we're doing it with chickens and potatoes\"</p><p>\"It doesn't have any competition because those borders are there.\"</p><p>\"There's no charity work here.\"</p><p><br></p><p>🌍 ABOUT LIMITLESS AFRICA</p><p>The podcast that asks how Africans and Americans can work together for shared prosperity</p><p>Every Monday: 15-minute episodes that dive into an issue that matters to Africans</p><p>Every Thursday: extended interview with someone unlocking Africa's limitless potential</p><p><br></p><p>➕ WANT MORE?</p><p>\"Resilience is very African\" - The entrepreneur moving 20,000 trucks across Africa https://trueafrica.co/article/podcast/resilience-is-very-african-the-entrepreneur-moving-20000-trucks-across-africa/</p><p>How I made it: the entrepreneur bringing refrigeration to Africa https://trueafrica.co/article/podcast/how-i-made-it-the-entrepreneur-bringing-refrigeration-to-africa/</p><p><br></p><p>💗 LOVE LIMITLESS AFRICA?</p><p>Subscribe on Spotify, Apple or wherever you get your podcasts</p><p>Leave a 5⭐ review – it helps get the word out</p><p>Share with someone passionate about entrepreneurship in Africa</p><p><br></p><p>🚀 FOLLOW LIMITLESS AFRICA</p><p>Instagram: @_trueafrica</p><p>Website: https://trueafrica.co/</p><p>Substack: https://limitlessafrica.substack.com/</p><p><br></p>","author_name":"TRUE Africa"}