Twiga Foods is in administration, 16 months after the leaked plan we published

GT Flow Limited, the entity registered until recently as Twiga Foods One Limited, went into administration on 17 August 2026. Gazette Notice No. 14595, published in the Kenya Gazette on 11 September, appoints Mohamed Mohamed as administrator with control of the company’s business, its assets and the management of its affairs. The directors can no longer deal with company assets unless he permits it. Anyone with a claim has 30 days from publication, so until 11 October, to send full particulars to the administrator at P.O. Box 59209-00200, Nairobi, or insgtflow2026@gmail.com.

It’s the board that put the company in this position. The notice is made under section 541(2) of the Insolvency Act, the route that lets a company or its directors appoint an administrator without going near a court, and it says so in terms: “The Administrator has been appointed by the board of directors of the Company.” This didn’t happen because a creditor forced this. There was no judge order.

Administration is not liquidation. Under Kenya’s Insolvency Act 2015, an administrator takes over a company that cannot pay its debts and tries, in that order, to keep it trading, to get creditors a better return than liquidation would, or to sell up and pay the secured and preferential creditors. A moratorium kicks in, which freezes lawsuits and enforcement against the company while the administrator works. Administration ends automatically after 12 months unless a court extends it. The notice says the administrator “shall engage all key stakeholders of the Company to elicit their co-operation in order to achieve the best possible outcome”. So this is the stage before the assets get sold off. It can still end with the business saved. Nothing in Twiga’s last three years suggests that is where this one goes.

How Twiga got to this point

Twiga Foods started in 2014, built by Peter Njonjo and Grant Brooke around a simple problem: Kenya’s food supply chain has too many middlemen between the farm and the duka. Twiga bought produce from farmers, moved it through its own warehouses and lorries, and sold it to small retailers ordering through an app. Investors liked it enormously. The company raised $185.4 million in disclosed funding across its life, roughly KES 24 billion at the 14 September rate of KES 129.44 to the dollar. That includes the KES 3 billion Series B we covered in 2019, a $50 million Series C led by French investor Creadev in 2021, and $10 million put into a commercial farming subsidiary in 2022. TIME named it one of the 100 most influential companies in the world.

Then the money ran out.

1. By September 2023 Incentro Africa, a Google Cloud reseller, had gone to the High Court asking for Twiga to be liquidated over $261,878.75 in unpaid cloud bills. Twiga won an injunction and disputed the figure. It said $94,000. Incentro said $450,000.
2. That same year Twiga cut 283 jobs.
3. In December 2023 it closed a $35 million convertible bond backed by Creadev and Juven, the Goldman Sachs spinout, and used part of it to clear supplier arrears.
4. Njonjo resigned as chief executive that same month, left the board in early 2024, and Charles Ballard, formerly of Jumia Kenya, took over on 1 May 2024. 
5. Another 59 people were let go that August.

The plan we published in April 2025

In April 2025 a whistleblower sent us internal slides and we published what they showed. The plan was called Project Easter. It set out a new entity, called NewCo in the documents, which would take the Twiga brand, the customer database and the logistics, procurement, technology and finance functions under licence, sign a new distribution centre lease in Syokimau, and start trading by August 2025.

One slide put headcount at 435, with 319 marked as leaving and between 10 and 12 staff transferring across. The whistleblower said the point was to walk away from the Tatu City warehouse lease, which they called an albatross around the company’s neck, after two failed attempts to renegotiate it.

Twiga denied all of it at the time. No liquidation had been initiated, no assets had been transferred, no new entity had been formed, and the slides were exploratory scenario planning.

What has happened however tracked the slides fairly closely. Let’s see:

1. More than 300 roles went.
2. Twiga bought stakes in three FMCG distributors, Jumra, Sojpar and Raisons, and started calling itself asset-light.
3. In June 2025 it suspended operations at the Tatu City hub and went looking at Baba Dogo, Mombasa Road and Syokimau for a replacement.
4. On 28 January 2026 a creditor petitioned the High Court to liquidate Twiga Tatu SEZ Limited, the company holding that Tatu City logistics hub, and the matter came up for mention in June 2026.

What is still not known

Nobody has published what GT Flow owes or to whom. The gazette notice does not say whether the three distributors are caught up in the administration, and it does not spell out which assets and which liabilities sit inside GT Flow. The notice gives no date for the change of name from Twiga Foods One Limited to GT Flow Limited, and we have not found one on the public record. That date is the whole question. It would show whether GT Flow is the NewCo from the leaked slides or an older Twiga entity under a new name. Neither the administrator nor anyone at Twiga has issued a statement. The company’s own websites are gone: twigafoods.com does not load at all, and twiga.ke, which carried the Twiga Foods site as recently as February 2024, now serves an unrelated betting tips page.

Let’s wait for at least 11 October, when the 30-day claims window closes. After that the administrator has to put a proposal to creditors, and that document is where the real numbers finally show up.