Kenya’s food chain-Twiga Foods- has mobilized US $30 million from lenders and investors led by Goldman Sachs. The business to business food distribution company financed US$6.25 million of the funding in debt and US $23.75 million in equity. The company will deploy the funds to set up a distribution center in Nairobi and deepen its supply chain services for both agricultural and FMCG products. Twiga will invest in expanding into more cities in Kenya, including Mombasa and also would make Pan-African expansion by the third quarter 2020.
