Agri-tech firm Twiga Foods has announced that it has settled a Google Cloud Services debt dispute with Google Cloud provider Incentro Africa.
The dispute between the two companies began in September last year when Incentro Africa served a statutory demand for $261,878 in debt payments to Twiga Foods for the provision of Google Cloud services.
Twiga Foods however disputed the amounts and even went ahead to file an application in court before Justice Josephine Mong’are to set aside the statutory demand. Twiga got a reprieve after Justice Mong’are blocked the liquidation calls by Incentro who gave the two firms 60 days to settle the matter. It now looks like they have come to an agreement.
In a statement shared on Tuesday, the two said they agreed to settle the dispute out of court after recent investments into Twiga Foods by Creadev and Juven describing the move as a significant breakthrough in the resolution of the historical dispute.
The resolution, led by Twiga’s new management team followed negotiations between Twiga Foods and Incentro Africa following the management changes announced in Q4 2023. This follows the significant recent investment, led by Creadev and Juven, into Twiga in December 2023.
“I would like to commend the exceptional work of Twiga’s Chief Financial Officer, Zuber Momoniat. His commitment and decisiveness have been instrumental in resolving the dispute and rekindling our partnership. This collaboration marks a significant step towards a stronger and more productive relationship between Twiga Foods and Incentro Africa.” Dennis de Weerd, CEO of Incentro, said:
Looking forward to a bright future for both partners, Mr. de Weerd added: “We regret the difficulties that arose in 2023, which placed both Twiga Foods and Incentro Africa in a challenging position. However, we are pleased to announce that these issues have been resolved to our mutual satisfaction and are excited to recommit to our partnership. We look forward to continuing to collaborate in providing innovative and cost-effective cloud services to Twiga Foods.”
Twiga’s CFO, Zuber Momoniat said: “In light of the settlement arrived at between Twiga Foods and Incentro Africa, and the renewed commitment from both parties, Incentro Africa has agreed to withdraw the statutory demand filed in September 2023. This step is a testament to our restored faith. Mr. Momoniat added that both Twiga Foods and Incentro Africa recognised the need to renegotiate the terms of the Google Cloud contract in light of the current global economic climate. As a result, he concluded, “both parties acknowledge that a renegotiation with Google Cloud is essential to align with the current business environment”.
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