x
Luni Libes
Founder & CEO, Africa Eats
In this conversation, Luni Libes, CEO of Africa Eats, discusses the transformative potential of impact investing in Africa, focusing on agriculture and food security. He shares insights on how his approach differs from traditional venture capital, emphasizing profitability and sustainable business models.
Embed the impact in the business model. Every Africa Eats company solves hunger and poverty just by operating — buying food from smallholder farmers doubles their income while cutting supply-chain losses from a third to single digits.
Invest only in profitable companies. No runway, no burn: African founders routinely show more revenue than capital ever invested — something Luni never once saw in 20 years of US tech.
The best holding period is forever. Following Buffett, Africa Eats went public instead of running a 10-year fund; investors exit by selling shares, founders keep building — almost none want to sell.
The obvious opportunities go unfunded. Chicken cost more than beef in Rwanda for 30 years until his investee scaled processing — no product-market-fit mystery, just capital nobody bothered to deploy.
