Twiga Foods co-founder and CEO, Peter Njonjo, has resigned from the company's board after a recently announced six-month sabbatical turned out to be a strategic exit. The move allows the board time to find a successor, and Njonjo stated that the strategic direction and daily operations are now in the hands of Juven and Creadev. Twiga Foods, a well-funded African startup, recently secured a $35 million funding round, leading to questions about the company's trajectory following Njonjo's departure. Njonjo, the CEO since 2019, emphasized he would remain a significant shareholder. The exit raises uncertainty about Twiga Foods' leadership amid a challenging funding landscape for startups, where investor influence on executive roles has become more prevalent. The consequences of Njonjo's departure are expected to have a significant impact on Twiga Foods and the broader startup ecosystem.
