Kenya’s Twiga Foods raises Sh5.5bn ($49.3 mn) for East and West Africa expansion
Published 02 Nov,2021 via Business Daily - Kenya agricultural tech start-up Twiga Foods has raised Sh5.56 billion ($49.3 mn) from international investors for East and West African expansion.
The latest fundraising, which was led by private equity firm Creadev, also included Africa-focused firm such as TLcom, IFC ventures, DOB Equity and Goldman Sachs' spinoff Juven as well as first time investors OP Finnfund Global and Endeavor Catalyst Fund.
This comes after the company last year announced plans to expand to countries such as Rwanda, Tanzania, Nigeria and Ghana. This is yet to happen though amid disruption caused by the Covid-19.
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