Koko’s carbon credits find no buyer as creditors fund UK wind-down

Koko Networks (UK) Limited, the British arm of insolvent Kenyan clean-cooking company Koko Networks, has failed to find a buyer for its carbon credits at a fair price, leaving creditors expecting little or no recovery as the company winds down. The trouble began in Kenya when Koko Networks Limited, the operating company that served more than one million households with subsidised cooking fuel, laid off more than 700 employees in January and entered administration on February 1.