The same administrators who were appointed to rescue Copia Kenya have now filed an insolvency petition against the e-commerce platform, a rare twist in a case that reveals the breakdown of efforts to revive the once-buzzy startup.
Anthony Makenzi Muthusi and Julius Ngonga of KPMG filed the petition at the Commercial and Admiralty Division of the Milimani Law Courts, according to a gazette notice. The administrators were appointed to manage Copia’s assets in 2024 but now say the company cannot meet its debts. The case is set for a hearing on May 11, with creditors and other interested parties allowed to support or challenge the application.
An insolvency petition is typically filed when a business cannot meet…