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KOKO Failure Brings Cookstove Carbon Credit Model Into Question

KOKO Networks, a leading Kenyan clean‑cooking firm, entered administration on 1 February after the government refused the regulatory letter of authorisation needed to sell carbon credits on compliance markets. Backed by investors such as Microsoft, Mirova and a World Bank guarantee, the collapse threatens more than 700 jobs and over a million households that rely on its subsidised bio‑ethanol stoves. The failure calls into question the viability of carbon‑credit financing for large‑scale clean‑cooking deployment across Africa.