Koko Networks, once heralded as the crown jewel of Africa’s clean-cooking transition, has officially entered insolvency management, laying off over 700 employees and leaving approximately 1.5 million Kenyan households without their primary source of cooking fuel.
The catastrophic collapse exposes the profound fragility of climate-tech ventures that rely exclusively on complex global carbon finance models. PricewaterhouseCoopers (PwC) has assumed administrative control of the firm, tasked with salvaging assets from a company that previously secured over USD 300 million (KES 39.3 billion) in infrastructure investment.
The Bureaucratic Death Blow
The abrupt termination of Koko’s operations stems directly from a fatal regulatory impasse. The…