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Kenya's Twiga Foods Secures $30 Million in Funding Led by Goldman Sachs

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Nyakundi Report

Newsroom 1 min read

This archive report was first published on 31 October 2019.

On October 31, 2019, Kenya's Twiga Foods secured a significant investment of $30 million from lenders and investors, with Goldman Sachs at the helm.

The B2B food distribution company received $6.25 million in convertible debt and $23.75 million in equity as part of the Series B round. This funding round saw the participation of IFC, TLcom Capital, and Creadev, joining Goldman Sachs on the venture capital side.

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