"The VC model is just fundamentally the wrong fit for Africa."

In this episode of Limitless Africa, Claude Grunitzky and Dimpho Lekgeu speak with American investor Luni Libes, founder of Africa Eats and Fledge, and Tanzanian entrepreneur Haika Mtei, CEO of Golden Pot. Together, they explore how long-term thinking, patient capital, and culturally adapted funding models are reshaping business across the continent.

Plus: How one woman is building the go-to cereal brand in Tanzania

🌟 IN THIS EPISODE:

00:42 Why don't African start-ups exit?

3:13 Why Warren Buffet could hold the answer

4:52 The cereal brand that holds the answer

6:16 The value of travelling to the U.S.

10:24 Small cheques not big ones

12:24 Investors need to get brave

💬 QUOTES TO REMEMBER:

 "The VC model is just fundamentally the wrong fit for Africa. You have to do something different."

"Harder than getting to Harvard."

 "Far fewer failures in Africa than in the States"

🌍 ABOUT LIMITLESS AFRICA

The podcast that asks how Africans and Americans can work together for shared prosperity

Every Monday: 15-minute episodes that dive into an issue that matters to Africans

Every Thursday: extended interview with someone unlocking Africa's limitless potential

➕ WANT MORE?

Does foreign aid fuel corruption, dependence, weak governance? Interview with investor Maya Horgan Famodu https://trueafrica.co/article/podcast/foreign-aid-has-fuelled-corruption-dependence-weak-governance/

Adam Grant on the skills African entrepreneurs need to succeed https://trueafrica.co/article/podcast/adam-grant-on-the-skills-that-african-entrepreneurs-need-to-succeed/

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Instagram: @_trueafrica

Website: https://trueafrica.co/

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Limitless Africa is sponsored by the US Department of State and the Seenfire Foundation.

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