• Latest
  • All
  • How To
Court blocks twiga liquidation

Court Grants Twiga Foods Reprieve in Liquidation Case

October 3, 2023
Infinix GT 30 Pro

Infinix Unveils the GT 30 Pro with 120 FPS Certification for PUBG

May 22, 2025
Microsoft Recall

Signal Blocks Microsoft Recall Feature to Protect Private Chats

May 22, 2025
Infinix XPad GT

The Infinix XPad GT Gaming Tablet Makes Its Debut at $400

May 22, 2025
Passport Application

How to Apply for a Kenyan Passport Online in 2025: A Complete Guide

May 22, 2025
DHgate Tablet Cases deals
google-chrome

Google Chrome Will Start Automatically Replacing Your Weak Passwords

May 22, 2025
telegram

Telegram Posts $540m Profit Despite Founder’s Legal Hurdles

May 22, 2025
ID Checks May Soon Be Required for Social Media in Kenya

ID Checks May Soon Be Required for Social Media in Kenya

May 21, 2025
Safaricom launches revamped business loans

Safaricom Unveils Business Credit via M-PESA and Pochi Wallets

May 21, 2025
huwaei-matebook-x-fold

Huawei Debuts Foldable Laptop Running on HarmonyOS 5

May 21, 2025
google-meet

Google Meet Brings Real-Time Language Translation with Gemini

May 21, 2025
NSSF Hacking Claims Disputed: Fund Says No Member Data Compromised

NSSF Denies Allegations of Massive 2.5TB Data Breach

May 21, 2025
Google I/O 2025

Google I/O 2025 Highlights: Gemini, XR Glasses & Project Astra

May 21, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

Court Grants Twiga Foods Reprieve in Liquidation Case

Sakwa Kombo by Sakwa Kombo
October 3, 2023
in News
Reading Time: 2 mins read
266
0
Court blocks twiga liquidation

The court has given troubled Twiga Foods some breathing space in its ongoing battle with tech company Incentro Africa Limited. On 25th September, Twiga Foods moved to court seeking to block a push by Incentro Africa to have the agri-food tech company liquidated.

Following its petition, Twiga Foods was granted a temporary injunction stopping the Incentro from proceeding with its liquidation move.

Incentro Africa is a Google Clouds service provider. It had moved to court alleging it was owed close to KES 39 Million. However, Twiga Foods disputed the claims and argued that Incentro was forcing them to pay a disputed debt.

“That Incentro Africa is acting unreasonably in pursuing liquidation of the company instead of pursuing other remedies as set out in the agreement between the parties,” the firm said in the petition.

In the past, Twiga Foods has paid Incentro Africa KES 95 million and the firm claims it only has a debt of KES 13.2 million.

Liquidation Could Damage Reputation

The Kenyan startup argues the liquidation push will destabilize its day-to-day operations. Further, the claims will damage the reputation of the firm creating a bad impression among staff, business relations, credit facilities, regulators and government authorities.

Indeed, any liquidation proceedings will force Twiga Foods to default on its other loan obligations.

Despite raising KES 25 billion, Twiga Foods has been under financial strain. The firm has cut down on its workforce and restructured its operations. There have been numerous reports some suppliers have abandoned the business-to-business company due to lack of payment.

The case brought against the firm is bound to make the matter worse.

“For its suppliers, the threatened liquidation proceedings would extinguish the credit terms the company has, putting the company in a negative working capital position,” said Daniel Ngugi, Twiga Foods Head of Legal.

Justice Josephine Mong’are will listen to the case in court today.

Tags: Twiga Foods
SendShare148Tweet92
Sakwa Kombo

Sakwa Kombo

My Bio is in my written articles.

Related Posts

Debt-Ridden Twiga Foods Forces Layoffs

NEW! Twiga Foods to Fire More Staff Again

August 21, 2024
Charles-Ballard Current Twiga Foods CEO

Charles Ballard: exJumia Kenya CEO to Head Troubled Twiga Foods

May 1, 2024
Court blocks twiga liquidation

Twiga Foods CEO on Sabbatical Days After Court Ruling over Liquidation Claim

December 14, 2023
Twiga Foods in court for Liquidation case

Debt Dispute Threatens Twiga Foods with Liquidation

September 27, 2023
AFRICA AGRIFOODTECH funding report for

Agrifoodtech: Kenya Start-ups Receive KES 89.8 Billion Investment In a Decade

September 25, 2023
Twiga Foods Launches Distribution Centre to Offer Fulfilment Services to Partners

Twiga Foods Launches Distribution Centre to Offer Fulfilment Services to Partners

November 29, 2022

Latest

Infinix GT 30 Pro

Infinix Unveils the GT 30 Pro with 120 FPS Certification for PUBG

May 22, 2025
Microsoft Recall

Signal Blocks Microsoft Recall Feature to Protect Private Chats

May 22, 2025
Infinix XPad GT

The Infinix XPad GT Gaming Tablet Makes Its Debut at $400

May 22, 2025
Passport Application

How to Apply for a Kenyan Passport Online in 2025: A Complete Guide

May 22, 2025
google-chrome

Google Chrome Will Start Automatically Replacing Your Weak Passwords

May 22, 2025
telegram

Telegram Posts $540m Profit Despite Founder’s Legal Hurdles

May 22, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

Infinix Unveils the GT 30 Pro with 120 FPS Certification for PUBG

May 22, 2025

Signal Blocks Microsoft Recall Feature to Protect Private Chats

May 22, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

Introducing A Brainbox Quiz: Techweez’s Monthly Trivia Night!

5 Most Reliable Virtual Dollar Card Providers in Nigeria

More News

ID Checks May Soon Be Required for Social Media in Kenya

Safaricom Unveils Business Credit via M-PESA and Pochi Wallets

Huawei Debuts Foldable Laptop Running on HarmonyOS 5

Google Meet Brings Real-Time Language Translation with Gemini

NSSF Denies Allegations of Massive 2.5TB Data Breach

Google I/O 2025 Highlights: Gemini, XR Glasses & Project Astra

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.