Twiga Foods has rolled out an employee share ownership plan (ESOP) that will see 156 workers allotted shares over the next four years.
In the deal, employees will get stock equivalent to 10 percent of the company’s estimated future exit value, which is a proceed derived from the sale of an asset or a business.
The company’s chief executive Peter Njonjo said the programme aims to attract and retain top talent that will help contribute to the future success of the business.
Twiga Foods has rolled out an employee share ownership plan (ESOP) that will see 156 workers allotted shares over the next four years.
In the deal, employees will get stock equivalent to 10 percent of the company’s estimated future exit value, which is a proceed derived from the sale of an asset or a business.
The company’s chief executive Peter Njonjo said the programme aims to attract and retain top talent that will help contribute to the future success of the business.
“This also aligns with the company’s long held view of creating value for multiple stakeholders, the farmers we work with, our customers, who consist of informal retailers, our employees, who are critical in bringing everything together and the government, that creates a conducive environment that allows companies like ourselves to operate,” Mr Njonjo said.
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