Nairobi-based clean cooking start-up KOKO Networks Limited (in administration) has scheduled its first creditors’ meeting.
The meeting will be held on April 10, 2026, virtually, as joint administrators seek to present proposals and validate creditor claims ahead of voting.
In a notice published on Friday, March 26, the joint administrators stated that access details for the virtual meeting will be shared with creditors who confirm their attendance.
“A first meeting of creditors has been requested by the Joint Administrators of KOKO Networks Limited (In Administration) and will be held virtually on Friday, 10 April 2026 at 10:00 AM via an online platform,” read the notice in part.
Creditors have been requested to confirm their attendance by email using the address [email protected].
KOKO Networks to Hold First Creditors’ Meeting on April 10
Registered creditors will receive the relevant access and login details upon confirmation, which must be provided by Wednesday, 8 April 2026.
The Joint Administrators will circulate their Statement of Proposals to all creditors with claims against the Company ahead of the meeting.
Creditors who do not receive the Proposals by 5:00 PM, Wednesday, 1 April 2026, may request a copy via the email.
Also Read: Details of Taifa Gas, the Fuel Set to Replace KOKO in Kenya
To vote at the meeting, creditors MUST have submitted their claim against the Company. together with appropriate supporting documentation, to the Joint Administrators.
Any creditor that has not already submitted their claim against the Company is advised to do so at the address (including email) provided below on or before Wednesday, 8 April 2026.
Creditors may attend the meeting in person or by proxy. Proxies to be used at the meeting will be shared with the creditors together with the Proposals and must be lodged with the Joint Administrators at the postal or email address provided before Wednesday, 8 April 2025.
If the appointer is a body corporate, the proxy must be executed under its common seal or by an authorized officer or attorney.
Creditors unable to attend the meeting in person or by proxy are requested to communicate their decision on the Proposals to the Joint Administrators in writing, via the postal or email address below, to be received on or before Wednesday, 8 April 2026.
Also Read: Koko Networks Creditors Given 14-Day as Insolvency Proceedings Begin
Why KOKO Networks Shut Down
KOKO Networks laid off its entire 700-person workforce and shut down operations after the government blocked its sale of carbon credits in January this year.
It was revealed that the decision followed two days of intense meetings at the company’s Nairobi offices, where executives weighed their options after the government rejected a letter of authorisation (LOA) critical to KOKO’s biofuel sales to low-income households.
Carbon credits are generated when households switch from charcoal and wood to bioethanol, reducing greenhouse gas emissions, preventing deforestation, and improving indoor air quality.
Once the call was made, the shutdown was swift and total. Fuel distribution was halted, thousands of automated refueling machines were switched off, and staff were instructed not to report for work.
For many households and small businesses, the closure meant an immediate disruption to an essential daily need — cooking fuel.
Sources estimate that up to 1.5 million households across Kenya relied on KOKO’s ethanol fuel as a cheaper, cleaner alternative to charcoal and kerosene.
The shutdown comes barely a year after Koko secured a $179.64 million (Ksh 23.18 billion) guarantee from the World Bank to support its expansion in Kenya.
The guarantee, provided through the Multilateral Investment Guarantee Agency (MIGA), the Bank’s political risk insurance arm, was intended to protect the company against risks such as civil unrest, land expropriation for public use, and breaches of contract.
