- Twiga Foods faces a major change after financial difficulties
- A new process will determine the company’s next steps
- The Nairobi-based startup’s business operations date back to 2014
Twiga Foods Limited has been placed under administration after a financial crisis, and has changed its name to Templar Field Limited.
Mohamed A. Mohamed of Maawiy Financial Advisory Limited was appointed Administrator with effect from September 11, according to a notice in the Kenya Gazette.
“We will continue to engage with stakeholders to achieve the best possible outcome for all creditors,” Mohamed said.
Twiga joins a growing list of Kenyan startups that have hit financial trouble in recent years, including Koko Networks, Copia, and Lipa Later.
With the…