Nairobi, Feb. 19 -- Koko Networksadministrators are seeking buyers for the clean-cooking startup's assets in the wake of its collapse last month after it failed to secure approvals from the Kenyan government to export carbon credits.

The business advisory firm PricewaterhouseCoopers (PwC) said it is pursuing a sale or the acquisition of Koko's specific assets, which include fuel-dispensing machines, vehicles, software and office equipment.

Koko filed for administration on the brink of bankruptcy on February 1 after Kenyan authorities refused it a Letter of Approval (LoA) to sell carbon credits in the lucrativecompliancemarkets, the basis of the startup's business model.

Compliance carbon markets are mandatory and government-regulated, ...