Two Kenyan based firms have been selected among hundreds of candidates in the World Economic Forum’s Technology Pioneers 2020.
Twiga Foods and Lori Systems made to the Technology Pioneers’ Global Public Goods and Trade and Global Economic Interdependence categories respectively.
They are the only firms from Africa to appear in this year’s edition. The Technology Pioneers are selected based on the World Forum’s Global Innovators Community’s selection criteria, which includes innovation, impact and leadership as well as the company’s relevance with their platforms.
“We’re excited to welcome Twiga Foods Ltd to our 20th cohort of Technology Pioneers,” Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum stated. “Twiga Foods and its fellow pioneers are developing cutting edge technologies all over the world. Beyond their innovations, these firms are contributing greatly to improving the state of the world.”
Twiga Foods’ CEO and Co-Founder, Peter Njonjo said: “It’s great to be acknowledged as a pioneer by The World Economic Forum”.
Focus on Africa’s Urban Population
While stating their determination to be a one-stop-shop for informal retail through technology in Africa, Mr Njonjo expressed optimism in serving persons across the continent.
“This recognition is a great endorsement to our strategic direction as we continue executing our mission of feeding and supplying Africa’s growing urban population with traceable, quality and affordable products.”
Twiga Foods Ltd is a Kenyan based digital business-to-business platform founded in 2014 that builds fair and reliable markets for agricultural producers, food manufacturers and retailers through transparency, efficiency and technology.
On the other hand, 2016 founded Lori Systems is a tech-driven logistics services company seamlessly coordinating haulage across frontier markets. Lori prides themselves in lowering the cost of goods in frontier markets by more effectively managing the cargo journey.
Following its selection as Technology Pioneer, Twiga Foods boss will be invited to participate at the World Economic Forum activities, events, and discussions throughout the year. Twiga Foods will also contribute to The World Economic Forum initiatives over the next two years, working with policymakers and private sector leaders to help define the global agenda on key issues.
The Technology Pioneers of 2020 is made up of 100 early to growth-stage companies from around the world. The focus leans on those that are pioneering new technologies and innovations, ranging from the use of artificial intelligence to diagnose cancers and quantum computing systems, to carbon capture and removing technologies, cell-grown meat production and use of microbiome to track goods.
Twiga Foods was named one of the ten most innovative companies in Africa for 2020 for employing digital solutions to streamline logistics. Others from Kenya in the publication’s list included Copia Global, Mpost and Kobo360.