👨🏿‍🚀TechCabal Daily – Koko is up for sale
Tech • Feb 23
Image Source: Koko Networks
On February 4, PricewaterhouseCoopers (PwC), the global consulting firm, took over Koko Networks after the Kenyan clean-cooking startup formally entered administration. This meant that PwC came into control to assess whether the business could be restructured or wound down in a manner that recovers value for creditors.
It seems, after much deliberation, the consulting firm has made a decision. PwC has formally put up the “For Sale” sign on Koko.
What exactly is being sold? PwC has put Koko’s entire fuel distribution infrastructure, intellectual property, and motor vehicle fleets on sale. Prospective buyers could acquire the entire business or just parts of it. Interested parties have been asked to submit proposals before the deadline on February 26.
Wait, wa...