Nairobi, Feb. 5 -- PricewaterhouseCoopers (PwC) has taken over the operations of clean energy startup Koko Networks, which has been placed under administration amid hopes of a possible revival of the cash-strapped firm.

Muniu Thoithi and George Weru of PwCwere appointed joint administrators of the troubled startup on February 1, 2025, two days after Koko announced the closure of its business amid financial woes.

Administration is a process through which a third party,an administrator,is appointed to take over the affairs of a company in distress to improve its financial situation for the benefit of its creditors or to affect a sale of the business to preserve its value.

Read:Kenya adds new twist to Koko Networks collapse

The appointme...