NAIROBI, Kenya, Feb 20 – PwC has launched a process to sell the business and assets of troubled KOKO Networks Limited as part of a rescue plan after the clean-energy firm was placed under administration.
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 software and intellectual property, motor vehicles, and office equipment.
KOKO, once a leading climate-technology company providing bioethanol as a cleaner alternative to charcoal and kerosene, was recently pushed into administration after failing to sustain operations.
The company’s financial distress followed its inability to obtain regulatory authorisation required to support its carbon credit export business a key revenue stream that subsidised cooking fuel for households.
“The primary objective of the administration is to explore the possibility of rescuing the Company, maintaining the business as a going concern and achieving a better outcome for the creditors than they would get in a liquidation,” the administrators said in a notice.
PwC said the sale process is subject to creditor approval in line with the Insolvency Act, with the administrators seeking credible investors capable of injecting significant capital to stabilise operations.
“The Administrators intend to run an investor/transaction process to explore credible options for either the going concern acquisition of the business and assets of KOKO or for the acquisition of specific assets of the Company.”
Among the key assets on offer is KOKO’s nationwide network of smart fuel dispensing machines commonly known as KOKO Points alongside smart tanker and depot systems that enabled digital tracking and fuel distribution across urban centres.
Interested parties have until 5PM East African Time on February 26, 2026, to submit their EOIs to the administrators at PwC Tower in Nairobi.
