Peter Njonjo, the founder and former CEO of Twiga Foods, has left the board of directors of the company, a month after stepping down as the chief executive.
Njonjo announced his departure from the board on his LinkedIn profile, saying that he was “grateful for the opportunity to have served Twiga Foods for the last 10 years”.
“I am proud of what we have achieved together with the amazing team at Twiga, our farmers, vendors, suppliers, partners and investors. Twiga Foods has grown from a small start-up to a leading B2B e-commerce platform in Africa, providing affordable access to high quality foods, products and retail services to millions of consumers,” he wrote.
Njonjo founded Twiga Foods in 2014 with the vision of transforming the African retail market by connecting consumers, vendors and suppliers through technology.
He led the company as the CEO until February 2024, when he handed over the reins to Kikonde Mwatela, the former chief operating officer.
Under Njonjo’s leadership, Twiga Foods raised over $100 million in funding from various investors, including Goldman Sachs, IFC, TLcom Capital and Creadev. The company also expanded its operations to 12 cities in Kenya and launched its services in Uganda in 2023.
Njonjo said he was confident that Twiga Foods would continue to grow and innovate under the new management, and that he would remain a “passionate supporter and ambassador” of the company.
“I look forward to seeing Twiga Foods achieve its mission of bringing greater food security to Africa by streamlining supply chains and aggregating demand. I also look forward to pursuing new opportunities and challenges in the next phase of my career,” he said.
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