KOKO UK carbon trading arm collapses after Kenya regulatory setback
KOKO Networks (UK) Ltd entered administration on February 19, 2026, after its Kenyan entity failed to secure a permit required for compliance carbon markets. Despite reporting £39.8 million revenue in 2024 (up from £1.8 million), the company recorded a £14.0 million loss and liabilities exceeding assets by £104.6 million. The collapse stems from losing access to Kenya's higher-value compliance carbon markets, which are critical for profitability. The company relied on a single Kenyan supplier and had no alternative routes to market. Directors stated the company could no longer identify a viable path to revenues and profitability.