In a bold but controversial move, Kenyan agritech company Twiga Foods has acquired majority stakes in three local distributors—Jumra, Sojpar, and Raisons—as it accelerates its transition from a supplier of farm-fresh produce to a full-service fast-moving consumer goods (FMCG) platform. While this move signals Twiga’s ambition to solidify its position as Kenya’s leading B2B e-commerce player, it comes amid swirling allegations of corporate restructuring designed to circumvent financial obligations.
In an official announcement, Twiga Foods confirmed it had taken controlling interests in Nairobi-based Jumra, Kisumu’s Sojpar, and Mombasa’s Raisons. These acquisitions are expected to bolster Twiga’s procurement…
