Multinational bioethanol company Koko Networks has directed Kenyans with unpaid claims to submit them by April 8 ahead of a creditors' meeting on April 10. The firm entered administration after financial strain from a dispute over carbon credit approvals. The shutdown has left hundreds of workers jobless.
Koko Networks Limited issued a notice on April 2, 2026, filed at the High Court, directing creditors to lodge claims by April 8. A first creditors' meeting is set for April 10, 2026, at 10am virtually. "A first meeting of creditors has been requested by the Joint Administrators of KOKO Networks Limited and will be held virtually on Friday, April 10, 2026, at 10 am via an online platform," the notice states.
The company supplied bioethanol fuel and smart cookstoves to shift Kenyans from charcoal and kerosene. It generated carbon credits for international sale to subsidise fuel prices for low-income households. However, President William Ruto's administration declined to issue the required authorisation letter for those sales, cutting off revenue.
Valued at Ksh22 billion, the firm halted Kenyan operations and laid off hundreds of workers. PricewaterhouseCoopers (PwC) administrators are managing the insolvency. Creditors must submit claims with supporting documents and confirm attendance via email to ke_knk_administrators@pwc.com.
At the meeting, creditors will vote on proposals, including potential restructuring or recovery plans.