GT Flow Limited, formerly known as Twiga Foods One Limited, has entered administration in Kenya, marking another major setback for the business empire built around one of the country’s best-known technology startups.
A Gazette notice published on September 11 confirmed that GT Flow entered administration effective August 17, with Mohamed Mohamed appointed to take control of the company’s business, assets and affairs.
The development follows years of financial pressure, job reductions, leadership changes and restructuring despite substantial investor backing, including a $35 million convertible bond completed in late 2023.
Key Overview
- GT Flow Limited, formerly Twiga Foods One Limited, entered administration on August 17.
- Mohamed Mohamed has been appointed administrator and now controls the company’s assets and affairs.
- Creditors have been given 30 days to submit claims.
- Twiga secured approximately $35 million in convertible-bond financing in late 2023.
- Founder Peter Njonjo left the business in early 2024 and was replaced by former Jumia Kenya CEO Charles Ballard.
- Twiga later acquired controlling stakes in three FMCG distributors and shifted toward a less asset-intensive distribution strategy.
Administration Puts Control in New Hands
Administration fundamentally changes how GT Flow is managed.
Under the process, the existing directors cannot deal with the company’s assets without the administrator’s permission. Mohamed has taken responsibility for its affairs while stakeholders and creditors determine what value can ultimately be preserved.
Creditors have been asked to submit their claims within 30 days, beginning a process that could lead to restructuring, asset sales or another resolution depending on the company’s financial position.
Importantly, the notice does not provide a detailed breakdown of GT Flow’s assets and liabilities. It also does not clearly establish whether Twiga’s separately acquired distribution companies are part of the administration.
That distinction matters because Twiga had significantly reorganised its corporate and operating structure before GT Flow entered the insolvency process.
A $35 Million Lifeline Was Not Enough
Twiga’s financial difficulties had become visible several years earlier.
During 2023, the company faced delayed supplier payments, cost reductions and a dispute involving cloud-services provider Incentro Africa. The dispute centred on unpaid invoices under a multimillion-dollar cloud contract, although the parties disagreed over the amount owed and later reached an agreement.
Twiga subsequently secured a roughly $35 million convertible bond led by existing investors Creadev and Juven. Founder Peter Njonjo later disclosed that he had personally contributed $1 million to that financing.
The capital was intended partly to help settle outstanding obligations to suppliers and support the company’s restructuring.
Twiga had already raised substantial amounts of equity and debt during its growth years, demonstrating the scale of investor confidence in its attempt to modernise Kenya’s fragmented food and consumer-goods distribution system.
Yet additional financing did not eliminate the underlying operational pressures.
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Leadership Changes Follow Financial Strain
The 2023 refinancing was quickly followed by a major leadership transition.
Njonjo announced a six-month sabbatical in December but subsequently left the company’s board in January 2024, ending his decade-long leadership of the company he co-founded.
Twiga then appointed former Jumia Kenya chief executive Charles Ballard as CEO in April 2024, tasking him with overseeing the company’s next phase.
The business continued cutting costs and restructuring operations as management sought a more sustainable model.
Twiga’s original approach required significant investment in warehouses, vehicles, staff, procurement and supply-chain infrastructure. That gave the company greater control over distribution but created substantial fixed costs and working-capital requirements.
Twiga Pivots Toward a Leaner Distribution Model
By 2025, management had begun moving away from that heavily integrated structure.
Twiga acquired controlling stakes in Jumra, Sojpar and Raisons, three established Kenyan FMCG distributors serving different parts of the country.
The strategy was designed to combine Twiga’s technology and data capabilities with existing regional distribution networks rather than rebuilding physical infrastructure everywhere from scratch.
The restructuring subsequently affected hundreds of employees. Internal plans reported in 2025 indicated more than 300 roles were being eliminated as Twiga sought to reduce overheads and centralise selected functions.
Operations in Nairobi were also temporarily paused as the company reconsidered its logistics footprint and explored alternatives to its Tatu City distribution base.
What Happens Next
Administration does not automatically mean immediate liquidation.
The process gives the administrator an opportunity to assess whether GT Flow can be rescued, reorganised, sold or otherwise managed in a way that improves recoveries for creditors.
The immediate unanswered questions concern how much GT Flow owes, which assets sit within the company and whether the administration affects other businesses operating under the broader Twiga structure.
For Kenya’s startup ecosystem, the development carries a wider lesson. Twiga attracted substantial international capital and built one of East Africa’s most ambitious technology-enabled distribution networks, but scaling a logistics-heavy business required constant spending on inventory, infrastructure and working capital.
Its later pivot toward a leaner distribution structure shows how dramatically the company attempted to adapt.
The administrator must now determine whether enough value remains in GT Flow to sustain operations or whether creditors will ultimately have to recover their claims through the sale or restructuring of its assets.
Sources: Capital FM / Techweez / TechCabal / Business Daily Africa / Techpoint Africa
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