Peter Njonjo, co-founder and former CEO of Twiga, has resigned from the company’s board, citing his inability to contribute significant value to the company’s future. This follows his abrupt sabbatical in December 2023, which was speculated to be an exit disguised as a break. Njonjo’s departure coincides with investors’ increased control over Twiga’s operations and strategic direction, indicating his diminished role. He facilitated a $35 million funding round with Juven and Creadev, aimed at paying off vendors, but some suppliers remain unpaid despite Twiga’s notifications to around 100 vendors. Njonjo plans to support the company as a shareholder post-exit. Twiga has witnessed other high-profile departures, including Yebeltal Getachew, the former head of Twiga’s East Africa business. No response has been received from Juven or Creadev regarding these developments.
