Twiga Foods Enters Administration as Financial Pressures Mount

By Adedapo Adesanya

Kenyan agritech startup Twiga Foods has entered administration after years of financial pressure, with its operating company, GT Flow Limited, placed under statutory administration.

The appointment of Mr Mohamed Mohamed as administrator took effect on August 17, 2026, under Section 541(2) of Kenya’s Insolvency Act, according to Gazette Notice No. 14595 published by the Kenyan government on September 11.

The Gazette notice stated that GT Flow Limited, formerly known as Twiga Foods One Limited, is now under the control of the administrator, while the powers of the company’s directors to deal with its assets have been restricted.

The directors can no longer undertake transactions involving the company’s assets without the written authorisation of the administrator.

Creditors have also been given a 30-day period to submit their claims following the appointment.

The administration comes after several years of financial difficulties at Twiga Foods, including layoffs, restructuring efforts and pressure from creditors.

In March 2026, creditors filed a winding-up petition at the High Court of Kenya seeking the liquidation of Twiga Tatu SEZ Limited, another company within the Twiga ecosystem.

Twiga Foods was founded in 2014 by Mr Peter Njonjo and Mr Grant Brooke to connect smallholder farmers with informal retailers through a technology-enabled distribution network.

The company became one of Africa’s most heavily funded startups, raising more than $160 million in equity and debt financing between 2014 and 2023 from investors including Goldman Sachs, the International Finance Corporation (IFC), Creadev and TLcom Capital.

However, the capital-intensive nature of its business model, currency depreciation, rising operating costs and tighter global venture funding conditions increased pressure on the company.

Twiga also embarked on several rounds of cost-cutting and restructuring. In 2025, the company created a new holding structure and cut more than 300 jobs as it shifted towards an asset-light model.

The company also acquired controlling stakes in three Kenyan fast-moving consumer goods distributors, Jumra, Sojpar and Raisons, as part of efforts to expand its distribution network while reducing its reliance on owned infrastructure.

Twiga’s co-founder and former chief executive, Mr Njonjo, stepped down from the company’s board and executive duties in early 2024, with former Jumia executive Charles Ballard taking over as chief executive.

The administration of GT Flow now gives the appointed administrator responsibility for assessing the company’s financial position, verifying creditor claims and determining the future of its operations.

The development leaves the future of one of Kenya’s best-funded technology startups uncertain as creditors seek to recover outstanding debts.