Twiga Foods an online Kenyan marketplace, which helps urban shopkeepers source produce from small-scale Kenyan farmers, has been ranked the 35th most innovative company globally by Fast Company alongside another 50 Global Companies.
The top 50 most innovative companies are ranked by Fast Company in line with the most profound impact they have on both industry and culture showcases a variety of ways to thrive in today’s volatile world.
In 2019, our member Africa Leadership University was also ranked in the list for scaling higher education for Africa’s rising generation. This year Twiga Foods was also ranked as the most innovative company in Africa for professionalizing East Africa’s market economy.
Launched in 2014 to help urban retailers source products such as bananas and tomatoes from small-scale Kenyan farmers, Twigga joined Nairobi Garage in 2016. Twiga spent 2019 expanding its mobile ordering platform to encompass nonperishable goods and developing its delivery capabilities. It also integrated a fintech product that offers vendors credit to build out their businesses.
Twiga Foods was listed among other great companies like Microsoft, Tesla, Canva and Spotify.
In the list Snap, Snapchat’s parent company was listed as the world’s most innovative company globally. The company took up the first place for setting the social agenda and having a remarkable comeback from 2018 where Snapchat lost 5 million daily users over the course of that year. Between its March 2017 IPO and the final weeks of 2018, 17 executives departed
In 2019 Snap re-coded its Android app so it could run better on the 85% of phones in the world that isn’t the iPhone, and simplified its tools for ad buying, helping it boost revenue year over year by 65% and add 31 million daily users to the platform in 2019. As investors caught on, Snap’s stock price rose almost 250% last year.
Twiga, which saw revenues grow by around 500% last year, serves about 5,000 outlets daily in Kenya and works with more than 13,000 farmers. The company raised over $30 million last year from backers, including Goldman Sachs and the International Finance Corporation, which it will use to expand throughout Kenya—and likely beyond—this year.
We are proud of Twiga Foods who grew from our shared co-working space in Nairobi and is now expanding its reach global markets, while also growing its team. We are really proud of their work and glad to see them growing and gaining.
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