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February 21, 2026
2h ago

Kenyans Given 2-Week Ultimatum as Multi-Billion Company Shuts Down

Kenyans Given 2-Week Ultimatum as Multi-Billion Company Shuts Down

The company’s sudden shutdown has raised fresh concerns about the stability of Kenya’s economy amidst uproar over the rising cost of living...

✨ Key Highlights

Koko Networks, a leading clean-cooking and bioethanol company, has announced its exit from the Kenyan market, giving those owed money a 14-day deadline to file claims. Joint administrators were appointed on February 1, 2026, to take control of the company's assets.

  • Creditors, suppliers, and other parties with claims must submit details within 14 days of the gazette notice.
  • The closure follows months of financial strain linked to a dispute over carbon credit approvals, which were crucial for the company's revenue.
  • The Kenyan government allegedly declined to issue a letter of authorization for the international sale of carbon credits, cutting off a major income stream for Koko Networks.

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