PwC to sell KOKO Networks assets in rescue plan
The joint administrators, George Weru and Muniu Thoithi, are inviting Expressions of Interest (EOIs) from investors interested in acquiring the company as a going concern or purchasing specific assets, including its nationwide bioethanol fuel distribution network, proprietary sof..
✨ Key Highlights
PwC is overseeing the sale of clean-energy firm KOKO Networks Limited's assets as part of a rescue plan after the company entered administration. The move aims to salvage the business, which faltered after failing to secure regulatory authorization for its carbon credit export business.
The deadline for Expressions of Interest (EOIs) is February 26, 2026, by 5PM East African Time.
Joint administrators George Weru and Muniu Thoithi are inviting investors to acquire KOKO as a going concern or purchase specific assets.
Key assets for sale include KOKO's nationwide bioethanol fuel distribution network, proprietary software, intellectual property, motor vehicles, and office equipment, including its KOKO Points smart fuel dispensing machines.
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Gulf Energy Acquires Sh2bn Oil Rig as KPC IPO is Extended and KOKO Networks Assets are Sold - February 2026
Gulf Energy E&P BV has acquired an onshore oil drilling rig valued at over Sh2 billion ($15 million) for the Lokichar oil project. The company aims for first oil production by the end of this year, with the rig expected in Kenya by next month. In other energy sector news, the Kenya Pipeline Company (KPC) initial public offering (IPO) has been extended by three days to February 24, 2026. The extension was prompted by the state-owned firm's struggle to reach its Sh106.3 billion sales target due to low uptake. Separately, PwC is overseeing the sale of clean-energy firm KOKO Networks Limited's assets as part of a rescue plan. KOKO Networks entered administration after it failed to secure regulatory authorization for its carbon credit export business.
