Twiga has confirmed a capital round that will see the company pay over 100 of its suppliers. This comes after some of Twiga’s suppliers and customers confirmed that the company had not settled its dues. However, it looks like this will no longer be the case – and while the exact amount raised is yet to be revealed, Twiga appears to be committed to paying them after CEO Peter Njonjo confirmed to do so a few weeks ago.
Hein Pretorius, Twiga’s Chairman, commented: “The company has undertaken a number of initiatives in the past year, enabled by significant investment in technology and automation, aimed at repositioning and fine-tuning operating processes and enabling further resource mobilization to ensure the long-term resilience of the business.
Peter Njonjo, Twiga’s CEO and Co-Founder added “This funding round is the culmination of a transformation in Twiga’s approach and strategy, which has enhanced our cost efficiency and improved service delivery to our customers. I would like to thank all our current employees, and those employees who have departed the company following our organizational review, for their service and contributions to enabling Twiga’s success.
New leadership
Twiga has also confirmed that it picked new leaders as it strives to offer its technology to partners and customers.
Laurent Gouault joined the company as its Chief Operating Officer from Quickmart.
Secondly, Zuber Momoniat joined as Chief Financial Officer from PZ Cussons.
At the same time, Anjan Dasgupta joined as Chief Transformation Officer from Yousef Abdul Latif Jameel Group.
Paul Bombo is Twiga’s Chief Technology Officer, and Susan Kiama is the Chief People Officer.
