Kenya: PWC to Sell Koko Networks Assets in Rescue Plan

Kenya: PWC to Sell Koko Networks Assets in Rescue Plan

Nairobi -- PwC has launched a process to sell the business and assets of troubled KOKO Networks Limited as part of a rescue plan after the clean-energy firm was placed under administration.

Koko’s collapse exposes fault lines in Kenya’s carbon market

In most of Nairobi’s low-income neighbourhoods, like Mathare, Kibera or Mukuru, the arithmetic of clean cooking still collides with the reality that charcoal and kerosene are cheap because the majority live below the poverty line. For over a decade, Kenya’s clean-cooking revolution has been sold as a rare climate win-win. Swap smoky charcoal for ethanol or biogas. Improve household health. Cut deforestation. Generate carbon credits. Sell those c…

Embattled climate startup, KOKO Networks put up for sale as PwC searches for investors

PricewaterhouseCoopers (PwC), a global accounting and consulting firm that handles bankruptcies and business restructuring, is seeking investors to acquire KOKO Networks or its assets after the Kenyan clean energy company collapsed under more than $60 million in debt. PwC administrators George Weru and Muniu Thoithi launched a formal sale process, asking anyone interested in acquiring the business or its assets to submit proposals by February 26…

PwC Opens the Books on Koko Networks as Investors Circle Fuel Depots, Software and a Carbon Bet Gone Wrong

The Koko Networks collapse did not begin with empty fuel tanks or shuttered depots. It began with a missing document. On February 1, 2026, the clean-cooking company filed for administration after failing to secure a Letter of Approval from Kenyan authorities. That letter would have allowed it to export carbon credits into compliance markets under … The post A Carbon Credit Dispute Leaves Koko Networks on the Block as PwC Invites Bids for Its Inf…