Afrigather Daniel Ngungi, head of authorized and administration at Twiga Meals, left the corporate days after TechCabal reported that Peter Njonjo, the founder and CEO, resigned from Twiga’s board. Ngungi confirmed his departure in a LinkedIn post on Monday.
“The 4th of January 2024 marked my final day at Twiga Meals, a corporation that was my house for a decade, eight years of which have been on a full-time foundation,” the put up learn.
Ngungi’s departure comes amid what seems to be a takeover of Twiga by its buyers, resulting in the eventual exit of Peter Njonjo, its former CEO, confirming hypothesis that he was compelled out of the corporate.
Yebeltal Getachew, who led Twiga’s East Africa enterprise, additionally left the corporate in December.
TechCabal reported that cash-strapped Twiga raised $35 million in convertible bonds from Creadev and Juven, two of its present buyers, to pay 100 distributors it owed. However TechCabal realized that no less than one vendor mentioned they weren’t paid or notified of a fee plan regardless of the corporate’s declare that it notified round 100 distributors. Final December, a Kenyan courtroom in Nairobi gave Twiga Meals 4 months to resolve its money owed with Incentro, a Google Cloud reseller.
On the coronary heart of the lawsuit lies a $3 million cloud service contract Twiga signed with Incentro, again when the departing Head of Authorized was nonetheless with the corporate. Twiga allegedly fell behind on month-to-month funds, main Incentro to demand over $450,000, together with accrued curiosity and what they declare to be missed bonus funds from Google on account of Twiga’s delayed sign-offs.
Twiga disputes the quantity owed, questioning the contract particulars and claiming Incentro’s lawsuit is motivated by ulterior motives. They’ve additionally engaged in talks with Google Eire immediately relating to the cloud service invoice.
As of December 5, 2023, each events missed a courtroom deadline to reconcile their invoices, and the subsequent listening to is scheduled for March 13, 2024.
