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PwC has initiated the sale of the business and assets of KOKO Networks Limited as part of efforts to revive the struggling clean-energy firm after it was placed under administration.
Joint administrators George Weru and Muniu Thoithi have invited investors to submit Expressions of Interest (EOIs) to either acquire the company as a going concern or purchase selected assets.
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These include its countrywide bioethanol fuel distribution network, proprietary software and intellectual property, vehicles, and office equipment.
KOKO, previously recognised as a major climate-tech player offering bioethanol as a cleaner alternative to charcoal and kerosene, entered administration after running into financial trouble. The crisis followed its failure to secure regulatory approval necessary to sustain its carbon credit export business — a crucial revenue source that helped subsidise cooking fuel for households.
In a notice, the administrators said the goal of the process is to determine whether the company can be rescued, continue operating, and deliver a better return to creditors than liquidation would provide.
PwC indicated that any transaction will require creditor approval under the Insolvency Act, adding that it is seeking serious investors willing to inject substantial capital to stabilise the business.
Among the assets available for acquisition are KOKO’s nationwide network of smart fuel vending machines, known as KOKO Points, as well as its smart tanker and depot systems that supported digital fuel tracking and distribution in urban areas.
Interested investors have until 5PM East African Time on February 26, 2026, to submit their EOIs to the administrators at PwC Tower in Nairobi.
