A provider of ethanol cooking fuel in Kenya, known for its carbon-credit-subsidized business model.
Koko Networks administrators begin sale of collapsed clean cooking startup’s assets
Koko Networks has begun marketing its assets following its collapse in January. The company laid off over 700 employees after the Kenyan government rejected a crucial Letter of Authorisation.
Inside Africa’s tech layoffs: What the data says (2023–2026)
Africa's tech ecosystem raised a record $4.65 billion in 2022, but funding fell by 37.2% to $2.92 billion in 2023. Alerzo, a Nigerian B2B e-commerce startup, laid off over 400 staff in March 2023 due to over-hiring and macroeconomic conditions.
Clean Energy Startup Koko Networks Collapses in Kenya
Koko Networks has abruptly ceased operations in Kenya. Over 700 employees have lost their jobs due to the shutdown.
VKAV Successfully Secures $60 Million in Initial Funding Round
Verod-Kepple Africa Ventures (VKAV) has raised $60 million in its inaugural fund Key institutional investors include SBI Holdings and Toyota Tsusho Corporation
