A Kenyan company, Twiga Foods has been named among the most influential companies in the world.
In the 2022 Times 100 Most Influential Companies list released on Thursday, March 30, it was noted that the Nairobi-based company had grown in the Kenyan market given the service it renders.
Twiga Foods was founded in 2014 and connects fresh food producers with retailers through an online platform.
The Magazine noted that the time allowing vegetable vendors to pay for the products after sales had made the company popular among Kenyan entrepreneurs.
"Kenyan household spends more than half their disposable income on groceries, largely because inefficient supply chains led to high prices.
Twiga Foods has a solution as it lets retailers place orders via mobile devices and grants them 48 hours of interest-free credit, giving them time to sell what they order to customers before the bill comes due," read the statement in part.
On his part, Twiga co-founder Peter Njonjo stated the decision to allow vendors to pay for the products days after selling their products was intended to grow their businesses and help them meet the demands of their customers.
“This means that our clients can buy what their customers want, not just the goods they can afford,” he stated.
The platform currently has over 10,000 businesses connected with 8,000 farmers across the country. The common commodities traded on the platforms include fresh vegetables and fruits such as tomatoes and watermelons.
The Kenyan company was ranked among other global companies such as Disney, Netflix, and Amazon.
Additionally, a Swedish company based in Nairobi, Opibus, which runs a fleet of electric buses in the country also featured on the list.
After raising Ksh862 million ($7.5 million) in a November 2021 funding round, Opibus, led by CEO Filip Gardler, is poised to scale up to mass manufacturing, with an anticipated 3,000 vehicles ready for sale on the local market by the end of the year at a price on par with that of conventional motorcycles," Times stated.
