KOKO Networks Seeks Investors for Rwanda Business After Kenya Insolvency

KOKO Networks has invited investors to invest in or acquire its Rwanda business after the Kenyan arm of the clean cooking fuel company entered insolvency administration, disrupting funding for its regional operations.

In a notice dated July 8, the company issued an Expression of Interest (EOI) inviting qualified investors to participate in the rescue or acquisition of the business as it undergoes restructuring.

“We, acting in our capacities as Administrator and Liquidator of the above referenced entities (together the “Entities”), invite Expressions of Interest from suitably qualified and financially capable prospective bidders regarding the sale of an integrated ethanol cooking technology and manufacturing platform comprising assets owned by the entities,” read part of the notice.

KOKO Markets Ethanol Cooking Assets After Kenya Insolvency Affected Rwanda Business

The company said it is owned by KOKO Networks Limited (Mauritius) and is a sister company to KOKO Kenya, which had largely financed its operations.

However, the KOKO said Kenya’s branch entered insolvency administration in late 2025, affecting the Rwandan subsidiary’s investment commitments after it could no longer access the required cash flow.

Also Read: Cooking Fuel Firm KOKO Moves to Sell Assets to Rescue Business After Entering Administration

As a result, KOKO Networks Rwanda filed for reorganisation in February 2026 to obtain a moratorium that would allow it time to source investors willing to invest in or acquire the business.

On April 1, 2026, the company was placed under provisional administration.

Under Rwanda’s insolvency laws, the administration process seeks to rescue the business, maintain it as a going concern, and achieve a better outcome for creditors than liquidation.

The company further revealed that together with Saarus Innovations Pvt Limited and KOKO Networks Pvt Limited, it has launched a global search for buyers of its integrated ethanol cooking technology and manufacturing platform.

How to Apply

In addition, KOKO Network highlighted that the opportunity targets investors with the financial capacity to complete transactions exceeding USD 15 million.

The company added that interested parties have until 5:00 p.m. (UK time) on Friday, July 17, 2026, to submit a formal request for an Invitation for Expression of Interest.

Also Read: KOKO Networks Placed Under Administration Amid Dispute With Govt

Applicants are required to provide a brief overview of their organisation, details of authorised representatives, and evidence demonstrating the financial capability to undertake a transaction.

The entities said eligible applicants will receive the Invitation for Expression of Interest, which will outline the transaction timetable and the next steps in the sale process.

The administrator and liquidators noted that submitting an Expression of Interest does not create any legally binding obligation or guarantee that a transaction will proceed.

They also advised prospective investors to conduct their own due diligence and seek independent professional advice before participating in the process.

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A photo showing KOKO Networks’ notice on the acquisition of assets of a Rwanda company. Photo/ File