The Lower Eastern Times Opening The Third Eye
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KOKO Networks has scheduled its inaugural creditors’ meeting for April 10, 2026, as administrators work to decide the company’s next steps after exiting the Kenyan market.
A notice filed under the Insolvency Act indicates the virtual meeting will allow creditors to review proposals from the joint administrators and confirm claims ahead of a vote on whether the firm will be restructured or liquidated.
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Creditors have until April 8 to submit claims, which will determine their voting rights. The administrators are expected to present options for recovering value from the business.
KOKO entered administration after shutting down its Kenyan operations earlier this year, ceasing services in February.
The company, known for its bioethanol-based clean cooking fuel network, struggled with high operating costs, currency fluctuations, and regulatory challenges linked to its carbon credit model.
Its closure highlights the increasing pressures on venture-backed energy startups in emerging markets amid tightening funding and rising operational risks.
