The government has explained its reasons for not renewing KOKO Networks’ license, a decision that has allegedly resulted in the loss of around 700 jobs and has financially affected investors. Speaking to NTV’s Fixing the Nation morning show on Wednesday, February 4, 2026, Trade and Investments Cabinet Secretary Lee Kinyanjui explained that the decision was
KOKO Networks Limited and its Kenyan subsidiary, KOKO Networks Global Services (Kenya) Limited, have been placed under administration, with PricewaterhouseCoopers (PwC) appointed to take over the management of the companies. In a notice dated Wednesday, February 4, 2026, issued under the Insolvency Act, 2015, PwC partners Muniu Thoithi and George Weru were appointed joint administrators
KOKO Networks has announced a complete shutdown of its operations in Kenya. The clean-cooking startup, backed by Vitol and the World Bank, is facing potential insolvency following a dispute with the Kenyan government over the sale of carbon credits. The company held board meetings after failing to secure government authorization to sell carbon credits in
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