Grant Brooke’s Twiga’s co-founder and former CEO has announced that he is stepping down from management.
“I’ve decied to step down from active management in Twiga as of this month,” he said in a LinkedIn post. He also added that he will remain on the Board of Directors going forward.
Grant Brooke seems confident in the company even with his step down from active management in the company. “I think we’ve reached a point whee my not being present won’t cause any disruption,” he said.
Twiga Foods appointed Peter Njonjo as its new CEO back in May last year where he took over from his fellow founder, Grant Booke.
The company was started in November 2014 and 5 years later, it has grown to connect over 17,000 farmers to over 8,000 venders.
Twiga has also managed to raise a lot of money in the venture capital market. They received 1.5 billion KES series A funding round from Wamda Capital in 2017. They also received an extra KES 1 billion towards the end of 2018 to boost efficiency. Last year, they raised a cool Kshs 3 billion series B round that was led by Goldman Sachs. That money was to be used for Africa expansion.
Grant Brooke also took the time to tease about his next project from the LinkedIn post as he retires from active management. “And while my next project is lined up, I’ll have more to say about that in March/April,” he said. He didn’t divulge what he is planning to do in his spare time but we’ll sure be waiting to see what it is about.
