Twiga Foods placed under administration after raising close to $200 million
Twiga Foods has been placed under statutory administration, confirming the collapse of one of East Africa's most capitalised agritech and B2B logistics startups, which had raised close to $200 million over its lifetime. The administration is being widely described as a defining moment for the continent's agritech investment thesis.
Twiga: what $185 million couldn't buy
The administrator's mandate is technically to find a better outcome than liquidation. But the creditor list — Goldman Sachs, the IFC, French private equity firm Creadev — tells you the scale of what's already been lost.
The question now for everyone backing African agritech isn't whether Twiga's idea was wrong. Connecting smallholder farmers to informal retailers is still one of the most important problems on the continent. The question is whether any model that runs on that logic can survive without permanent outside capital.
If the answer is no, the $100 billion food import gap that investors keep citing as an opportunity stays exactly where it is.
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- Twiga Foods placed under administration · techtrendske.co.ke · T2