Monday, August 15, 2022
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home News Africa News

Kenya’s Twiga Foods Secure $10 Million Investment Deal

Tech Gist Africa by Tech Gist Africa
11/16/2018
in Africa News
0 0
0
Kenya’s Twiga Foods Secure $10 Million Investment Deal

Photo Credit: techhawk.com.ng

0
SHARES
Share on FacebookShare on Twitter

$10 million has been invested in Kenyan based start-up, Twiga Foods by World Bank’s investment branch, the International Finance Corporation, and Pan-African venture capital firm, TLcom Capital.

The start-up brings smallholder farmers in rural areas to informal retail vendors in cities. Twiga uses a mobile platform to match supply and demand, aggregate market participants and finding buyers for farmers’ produce in Africa’s large.

Other investors that participated in the round of investment are: Global Agriculture and Food Security Program, Wamda Capital, DOB Equity, 1776 and Adolph H. Lundin.

Wale Ayeni, who is the leader of IFCs’ venture capital activities in Africa, and Maurizio Caio, Managing Partner at TLcom will join the board as part of the deal. Twiga will use the new investment to expand operations and offer new services.


See Also: KENYA’S TWIGA FOODS RAISED $10.3 MILLION USD IN FUNDS


Grant Brooke, CEO Twiga Foods commented that, “The investment will enable us reach more farmers, improve efficiency in service delivery and increase access to high quality produce and foodstuffs for vendors.”  

Twiga has grown to work with over 13,000 farmers and 6,000 vendors in Kenya since 2014.

“Access to markets is a key concern for smallholder farmers across Africa, many of whom live in remote areas. IFC’s investment in Twiga supports a disruptive start-up that is helping create a more transparent, efficient supply chain, which connects farmers directly to markets, helping them earn more,” Nikunj Jinsi, IFC’s Global head of Venture Capital concluded.

More on TechGist Africa

  • Africa’s Fastest Train Launched Morocco
  • In Only Two Years, Flutterwave has Processed $2.5 Billion Transactions
  • MTN Partners Ericsson to Launch First 5G Customer Trial in South Africa
  • Google Project Loon Gets Approval for their Service in Kenya
  • Nigerian Federal Government Solicits For $500m Tech Innovation Fund from AfDB

 

ShareTweetShare

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Gloria Tumushabe Uganda Computer sceience student
Africa News

Ugandan college student takes her computer science education back to her home country

by Tech Gist Africa
05/12/2021
0

Gloria Tumushabe's engineering and computer science studies at the University of California, Berkeley were funded entirely by a full scholarship,...

Read more
Africa Development bank Ecowas Tech Gist Africa

The African Development Bank has allocated $320,000 in grant funding to mainstream gender in the digital financial operations of the Economic Community of West African States

03/03/2021
LabEight* Tech News Africa

Application for LabEight* Africa Spring 2021 Programme is Now Open!

02/04/2021
Green UNCDF Innovation challenge Ghana

UNCDF Boosting financial inclusion and job creation across Ghana with an innovation challenge

02/04/2021
Space satellite Tech News Africa

Together with NIGCOMSAT and Thales Alenia Space, ASECNA is working to accelerate the development of SBAS for aviation in Africa.

02/04/2021
Next Post
The Big 5

The Big 5 Daily: In Only Two Years, Flutterwave Has Processed $2.5 Billion Transactions, Africa’s Fastest Train Launched Morocco and More

Egyptian Start-up, Fakahany Raises $700k Seed Round

Egyptian Start-up, Fakahany Raises $700k Seed Round

WhatsApp

WhatsApp Awards $1 million to Misinformation Researchers

No Result
View All Result

The Big 5

Facebook META

The parent company of Facebook, Meta, has raised $10 billion in its very first bond offering

by Tech Gist Africa
08/10/2022
0

...

Migration Entrepreneurship Prize 2022

African startups were awarded the Migration Entrepreneurship Prize in 2022

by Tech Gist Africa
08/10/2022
0

...

Catapult Inclusion Africa

Applications are now being accepted for the Catapult: Inclusion Africa Programme

by Tech Gist Africa
08/10/2022
0

...

Oui Capital

Oui Capital has closed its $30 million second fund

by Tech Gist Africa
08/10/2022
0

...

DMZ Cairo incubator

The DMZ Cairo incubator is accepting applications for its second edition

by Tech Gist Africa
08/03/2022
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.