Kenyans Given 14 Days to File Claims as Koko Networks Shuts Down Operations

Kenyans owed money by a leading clean-cooking and bioethanol company, Koko Networks, have been given a 14-day deadline to submit their claims after the firm announced its exit from the Kenyan market.

A gazette notice dated Friday, February 20, confirmed the appointment of joint administrators who were named on February 1, 2026, under the Insolvency Act to take over control of the company as it ceases operations.

The move effectively hands control of the companies’ assets and operations to the said administrators, with directors of the firm losing authority to transact on behalf of the company.

Creditors, suppliers and any other parties with claims against the company were directed to file comprehensive details of their outstanding dues within 14 days for consideration in the process.

“By virtue of the administration, the powers of the directors of the company in terms of dealing or transacting with the Company’s assets have ceased, unless with the express permission of the administrators,” the notice read in part.

“Anyone who may have any claim against the company is required to send full particulars of those claims to the undersigned within 14 days from the date of this publication,” it further read.

Koko Networks’ closure comes after months of financial strain linked to a dispute over carbon credit approvals, which formed a key part of the company’s business model.

The company specialised in clean cooking technology, supplying bioethanol fuel and smart cookstoves designed to help households move away from charcoal and kerosene.

By reducing the use of polluting fuels, the company generated carbon credits, which were meant to be sold in international markets to raise revenue and keep cooking fuel affordable for low-income households.

However, reports indicate that the government allegedly declined to issue a letter of authorisation required for the international sale of these carbon credits, cutting off a major income stream for the company.

Without access to carbon finance, Koko, which operates mainly in Africa and Asian countries, said it could no longer sustain its operations, forcing it to halt activities and send workers home.

With the 14-day window now in effect, the administrators will assess whether the company can be revived, sold off, or wound up, a decision that will ultimately determine the fate of creditors, employees and customers.