Wamda-backed Twiga Foods Listed on Time’s Most Influential Companies List

Twiga Foods, a Kenyan-based logistics firm specializing in the simplification of supply chain management for the retail food industry through an innovative e-commerce platform, has been named on Time’s 100 Most Influential Companies list for 2022. The company, in which Wamda is an investor, has been categorized as a leading ‘Disruptor’.

International support

Twiga Foods was launched in 2014 and has, to date, raised a total of USD 55 million in debt and equity. Its investors include Wamda, Goldman Sachs and the International Finance Corporation. Time selected Twiga Foods on the basis of its innovations in simplifying the supply chain between fresh food producers, FMCG manufacturers and retailers through the use of a B2B e-commerce platform.

According to Twiga Foods, they currently work with 10,000 vendors daily, 100 suppliers, 8,000 farmers and 500 agents. They employ 700 people, work in 12 cities and supply 400 products.

A second Kenyan startup makes the list

The company was joined on the list by Opidus, also from Kenya, that designs, develops and produces electric vehicles for use in Africa. Opidus was the first company to locally produce electric motorcycles and vehicles.

Both companies were named as ‘Disruptors’, a category of businesses which, Time believes, are disrupting their industries and that will go on to make significant impacts.

Time’s list was created by their soliciting nominations from their international editors and industry experts across a wide range of sectors. The nominees were then evaluated in-house according to a range of key factors including relevance, impact, innovation, leadership, ambition, and success.

Wamda consists of a series of ecosystems which aim accelerate entrepreneurship across the MENA region through a sector-agnostic, multi-stage approach. The organization works with high growth technology or technology-enabled startups and offers knowledge sharing programs while working with corporate and government advisory services that support stakeholders within the MENA region.