Copia Kenya investors face big losses as startup goes into liquidation

Tracey Turner

Tracey Turner, Copia’s co-founder and former executive chair.

Photo credit: Pool

Investors in collapsed e-commerce startup Copia Kenya are unlikely to recover anything as the company heads into liquidation after its assets were found to be insufficient to meet its liabilities.

"As of March this year, Copia’s realisable assets stood at Sh206.6 million, while its liabilities “substantially exceed that amount,” according to court filings by the company’s administrators seen by the Business Daily.

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