Ivan Mandela – Unicorns can wait, African farmers can’t
It’s a very interesting time for African agriculture and food, the continent is realising it’s potential to help feed the world, money is flowing into infrastructure to unlock this, more and more talent is coming into the space and the realisation that agro ecology or regenerative agriculture is no longer a nice niche with big margins but has the potential to become the predominant way of agriculture is performed.
After putting over $ 20 million to work in East Africa, Ivan Mandela, founder of SHONA Group, has learned the hard way: chasing Western style so called unicorns might not be the right approach for a predominantly agricultural society. So he shifted his approach and started investing in real companies, to help create a functioning main street a functional real economy where unicorns will naturally start to occur. We discuss why Ivan ends up mostly backing female entrepreneurs, his tips for young students and his takes on nutrient density and quality.
Ivan Mandela is co-founder of Shona capital, which provides East Africa’s SMEs with flexible debt to help them grow and achieve their full potential, and co-founder of Rootical, a start-up studio enabling purpose-driven entrepreneurs in Uganda to build and own their regenerative agri- food companies.