Kenya adds new twist to Koko Networks collapse

Koko’s investors include the Microsoft Innovation Fund, Mirova and Rand Merchant Bank.

Photo credit: Pool

Kenya has cast doubt on the authenticity of the carbon credits generated by Koko Networks after the World Bank-backed clean cooking startup blamed the government for its collapse.

President William Ruto’s chief economic adviser, David Ndii, reckons that Koko’s collapse was due to several factors, including the “veracity of cookstove carbon credit and lack of transparency in the firm’s business model.”

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