According to an announcement by the US International Development Finance Corporation (DFC) on March 31, Kenyan fruits and vegetable delivery platform Twiga Foods has secured a loan of $5 million from that American institution.
Twiga will use the amount to buy additional transportation and cold storage equipment to improve market supply. The company sources from more than 17,000 producers and delivers agricultural products to over 8,000 retailers per week.
According to Peter Njonjo, co-founder of Twiga, the informal and fragmented market for food production and distribution in Africa was worth more than $300 billion in 2019.
Source: ecofinagency.com
