Kenya’s Twiga raises $50M to scale food solutions across Africa
TechCrunch
NOVEMBER 1, 2021
Years ago, Americans spent most of their disposable income on food but consistent investment in retail infrastructure has changed that. Now, they only spend 6% of their household income on food and beverages. Africa still battles with this and it is not hard to see why. The continent’s retail markets are highly fragmented and mostly made up of small and informal retailers and intermediaries, which is why a ton of tomatoes that costs around $100 in the U.S., for instance, costs about $400 in Ken
Let's personalize your content