Top US bank Goldman Sachs buys stake in Twiga Foods

Twiga Foods CEO Peter Njonjo. FILE PHOTO | NMG

Top American investment bank Goldman Sachs is the latest to acquire a stake in Kenyan start-up Twiga Foods following a Sh2.44 billion ( $23.75 million) deal that will help the agro-based firm spread across the country and Africa.

The US bank will provide funding to the start-up together with three other Twiga Foods existing investors -- International Finance Corporation (IFC), venture capital firm, TLCom Capital, and French private equity fund Creadev.

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