The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
Twiga Foods Chief Executive Peter Njonjo. [Courtesy]
Perhaps out of public demand, and the half-truths being spewed on Twitter, Twiga Foods Chief Executive Peter Njonjo saw it fit to set the record straight.
At a press briefing in Nairobi last week, Mr Njonjo dispelled rumours that the agri-tech firm Twiga Foods is on the verge of going under amid the latest round of layoffs of more than 200 employees. It is the second layoff in just under a year amid declining purchasing power among its customers and a slowdown in venture capital funding.
Premium Article
Get Full Access for Ksh299/Week.
Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
🔥 Flash Sale !
Subscribe now and enjoy 50% off monthly and annual plans. Offer ends in…