K
Originally published by Kenyans
📰 Read Full Article
top
March 24, 2026
2h ago

KoKo Gas Parent Company in UK Collapses Weeks After Exiting Kenya

KoKo Gas Parent Company in UK Collapses Weeks After Exiting Kenya

KoKo Gas's situation is just the tip of the iceberg of how little Kenyans grasp the contentious idea of carbon credits, with more questions than answers rising as each day passes...

✨ Key Highlights

The UK parent company of Koko Gas, KOKO Networks (UK) Limited, has collapsed into administration on February 19, 2026, mere weeks after its Kenyan operations shut down, impacting over 1.5 million households.

  • The failure stems from Kenya's refusal to grant a permit for selling carbon credits in higher-value compliance markets, cutting off the group's only path to profitability.
  • Key entities involved include KOKO Networks (UK) Limited, its Kenyan subsidiary, and Kenyan authorities.
  • Despite a surge in Kenyan turnover to Ksh7 billion in 2024, the company recorded a Ksh2.4 billion loss and accumulated deficits of Ksh18 billion.

Continue Reading

Read the complete article from Kenyans

📰 Read Full Article
Advertisement
Advertisement