KOKO Networks to hold first creditors’ meeting after Kenya exit

NAIROBI, Kenya, Mar 28 – KOKO Networks has scheduled its first creditors’ meeting for April 10, 2026, as administrators move to determine the company’s future following its exit from the Kenyan market.

A notice filed under the Insolvency Act shows the virtual meeting will allow creditors to review proposals from joint administrators and validate claims ahead of a vote on whether the firm will be restructured or liquidated.

Creditors have until April 8 to submit claims, with voting rights tied to verified submissions.

The administrators are expected to present a statement outlining options for recovering value from the business.

KOKO was placed under administration after shutting down its Kenyan operations earlier this year, with services ceasing in February.

The company, which built a bioethanol-based clean cooking fuel network, faced financial pressure linked to high operating costs, currency challenges and regulatory hurdles tied to its carbon credit model.

Its collapse underscores growing strain on venture-backed energy startups in emerging markets as funding tightens and operational risks rise.