KOKO Assets An the Market as PwC Seeks Investor

By Alain Mugisho Nabalinda

The assets of KOKO Networks Limited are now on the market, opening a bold new chapter for investors seeking to step into one of East Africa’s most innovative clean-energy platforms.

Following the company’s placement under administration, PricewaterhouseCoopers (PwC), through joint administrators George Weru and Muniu Thoithi, has formally launched a structured investor search aimed at unlocking value, stabilising operations, and potentially reviving the business as a going concern.

The offering includes KOKO’s nationwide bioethanol fuel distribution network, its proprietary software and intellectual property, smart tanker and depot systems, motor vehicles, and office equipment. At its peak, KOKO built one of the most visible climate-technology brands in the region, with thousands of smart bioethanol dispensing machines — popularly known as KOKO Points — installed in supermarkets and retail outlets across major towns in Kenya and Rwanda.

The company once served over one million households, providing bioethanol as a cleaner and more affordable alternative to charcoal and kerosene. Its technology enabled real-time digital tracking of fuel deliveries and sales, positioning it as a leader in smart, data-driven energy distribution. Carbon credit sales played a key role in subsidising cooking fuel costs for families, reinforcing its strong social and environmental impact model.

However, challenges in securing regulatory authorisation for carbon credit exports disrupted access to international carbon markets, placing financial strain on operations. Under Kenya’s Insolvency Act, PwC is now overseeing a transparent investor and transaction process, subject to creditor approval, to secure credible buyers capable of injecting significant capital and restoring operational momentum.

For strategic investors, climate funds, energy companies, and impact-driven financiers, this represents a rare opportunity to acquire established infrastructure, advanced proprietary systems, and a recognised consumer brand within East Africa’s fast-growing clean energy market. Expressions of Interest (EOIs) are due by 5PM East African Time on February 26, 2026, at PwC Tower in Nairobi.

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