Koko Networks, a clean energy startup, has folded operations in the Kenyan market due to financial woes exacerbated by the failure to secure a permit to sell carbon credits in the lucrative markets abroad.
The exit, which ends an 11-year stint in Kenya, has triggered a spat with the Treasury and taxpayers now set to foot a Sh21 billion penalty for breach of contract unless the government proves that it did not breach contractual agreements made with Koko.
Unlock a world of exclusive content today!