The IFC buys some equity in Twigga Foods (Kenya)

The International Finance Corporation (IFC) has decided to buy equity for $3 million in Twigga Foods which is a food delivery company based in Kenya. Twiga Foods has a platform where buyers get fresh food and vegetables from farmers (typically bananas, mangoes, potatoes, onions and tomatoes). The pricing is typically lower due to cut-off of middle distributors. TLCom will also invest in the region of $4 million in the company. The company started operations in 2014 and current shareholders are Peter Njonjo, Grant Brooke, Omidyar Network, 1776 Seed Investors, Blue Haven Initiative, DOB Equity, Wamda Capital and Alpha Mundi.

 

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