Kenyans who are owed money by clean cooking company Koko Networks now have 14 days to submit their claims after the firm officially announced it is shutting down its operations in the country.
In a notice published in the Kenya Gazette on Friday, February 20, joint administrators were appointed to take over the running of the company. The administrators were named on February 1, 2026, under the Insolvency Act, marking the formal start of the company’s administration process.
This means the directors of the company no longer have the power to make decisions or deal with its assets unless they get special approval from the administrators.
“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 stated.
Creditors, suppliers and anyone else owed money have been asked to send full details of their claims within 14 days from the date of publication of the notice. The administrators will review the claims as they decide the next steps for the company.
Koko Networks became popular within many of Nairobi’s estates and towns by providing bioethanol fuel and smart cookstoves. They offered clean cooking as a better, cheaper option compared to using charcoal or kerosene, with the intention of helping lower-income families.
One of the major strategies of Koko Networks was based on carbon credits. By helping people switch to clean fuel, they would earn credits, which would then be used to raise funds by selling them to other countries.
The company, however, has recently faced financial difficulties. It is reported that there was a dispute over approvals for carbon credits, which severely affected the company’s activities. It is alleged that the government failed to provide a letter of authorization, which was necessary for selling the credits to other countries.
Without this income, the company was reportedly unable to function and sent its workers home.
The administration process has now been put into motion, which will decide whether the company can be saved, sold, or dissolved.. Their decision will determine what happens to employees, customers and the many Kenyans now waiting to recover the money they are owed.
