Twiga Foods’ operating entities have entered statutory administration in Kenya after 12 years without making a profit, following mounting supplier debts, creditor action and pressure from costly expansion projects.

Table Of Content

Expansion brought higher costs
Supplier and creditor pressure
Administration follows restructuring efforts

According to a TechCabal report, the company raised approximately $185.4 million from investors including Goldman Sachs, the International Finance Corporation and Creadev. At its peak, Twiga made up to 12,000 deliveries each day across 12 Kenyan cities, served 140,000 retailers and moved two million kilogrammes of produce daily.

The company’s operating entities entered administration under Kenya’s Insolvency Act in August and September 2026. Twiga Foods One Limited was renamed GT Flow Limited, while Twiga Foods Limited became Templar Field Limited. By the time of the administration proceedings, both entities had been placed under the management of administrator Mohamed A. Mohamed.

Expansion brought higher costs

Twiga was established to use technology to organise Kenya’s informal food-distribution network. Its model sought to aggregate demand through a mobile application, operate delivery trucks and modern packhouses, reduce the role of intermediaries, lower consumer prices and increase payments to farmers.

TechCabal reported that the expansion replaced the relatively low fixed overheads of traditional brokers with significant expenses linked to depots, software teams, delivery operations and corporate governance. The company had not recorded a profit during its 12 years of operation.

In May 2022, Twiga committed approximately $10 million to launch Twiga Fresh as a commercial farming subsidiary. Twiga Fresh secured 1,606 acres across Taita Taveta and joined the state-backed Galana-Kulalu irrigation scheme. It planned to produce 150,000 tons of onions, tomatoes and watermelons annually.

The agricultural strategy exposed the business to weather variability, pests and high direct labour costs, according to the report. Twiga also committed to a build-to-suit central fulfilment centre at the Tatu City Special Economic Zone. The facility later became an onerous liability that internal revenues could not support, while inflation reduced the consumer-demand scale for which it had been designed.

Supplier and creditor pressure

In late 2023, Incentro Africa filed an insolvency petition seeking to liquidate Twiga over an overdue balance of $261,878 arising from a multi-year cloud-services contract. Twiga obtained temporary injunctions and eventually settled the dispute.

More than 100 commercial suppliers subsequently suspended trade terms and demanded immediate payment in cash on delivery. In December 2023, Twiga secured a $35 million convertible debt round from Creadev and Juven. TechCabal reported that the funds were used to clear overdue supplier debts and avoid liquidation, rather than to finance continuing operations.

Peter Njonjo resigned from Twiga’s board in January 2024. At the time, he said operational and strategic control had shifted to foreign private-equity investors. Charles Ballard was brought in as chief executive to carry out retrenchment.

Administration follows restructuring efforts

Internal strategy slides carrying the codename “Project Easter” were leaked to the media in April 2025. Twiga management described the materials as theoretical contingency planning.

The company’s eventual entry into statutory administration marks the latest stage in a long restructuring process. The case reflects the difficulties faced by a venture-backed business attempting to combine software, logistics, agricultural production and large-scale infrastructure while remaining profitable.