KOKO Networks, the clean cooking fuel technology company that recently ceased operations in Kenya, will hold its first creditors’ meeting as administrators work through the company’s wind-down process under the Insolvency Act.
The virtual meeting, scheduled for next week, aims to review outstanding proposals and validate creditor claims against the company. KOKO Networks had built an extensive network of ethanol fuel dispensing points across Nairobi before financial difficulties forced its exit from the Kenyan market.
Creditors including suppliers, landlords, and former employees are expected to present claims totalling hundreds of millions of shillings. The appointed administrator has indicated that asset liquidation could take several months as the company’s proprietary fuel dispensing hardware and technology platforms are evaluated for potential sale.
The collapse of KOKO Networks has raised questions about the viability of clean energy startups in Kenya and the broader East African market, particularly those dependent on continued venture capital funding in a tightening global investment climate.
