Business

Twiga Foods secures undisclosed funding from Creadev, Juven for growth


NAIROBI, Kenya, Nov 29 – Twiga Foods has successfully secured an undisclosed amount of funds from its investors, including Creadev and Juven to support its growth plans.

Hein Pretorius, Twiga’s Chairman said the move is aimed at repositioning and fine-tuning operating processes as well enabling further resource mobilization to ensure long-term resilience of the business.

“The company has undertaken a number of initiatives in the past year, enabled by significant investment in technology and automation. Looking ahead, Twiga will continue to progress its mission to digitize the informal retail economy and revolutionise food supply chains in Africa,” said Pretorius.

“We thank our investors, employees, suppliers, customers and other stakeholders for their continued support during this transformative period,” he added.

Twiga Foods’ CEO and Co-Founder Peter Njonjo added that the funding is the culmination of a transformation journey that will enhance its cost efficiency and improve service delivery to customers.





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