Koko Networks, the collapsed Kenyan clean-cooking company, has been unable to sell its carbon credit inventory at an acceptable price. Administrator PwC has talked to three potential buyers and five brokers, but no deal was completed by August 18. The credits are valued at about GBP 274,992, a small amount compared with reported debts of GBP 127.2 million. Koko's business model depended on revenue from carbon markets to subsidize ethanol stoves and fuel for low-income households. A dispute with the Kenyan government over approval to export credits cut off that revenue and pushed the company into administration in February 2026. The case highlights the risk for clean cooking and other climate projects that rely on regulatory approval and international carbon buyers.
