Copia Kenya enters liquidation
The court-appointed liquidators will oversee Copia Kenya’s remaining assets and creditor claims after efforts to secure new funding or a buyer failed.
KENYA – Copia Kenya Limited has entered liquidation after the High Court of Kenya in Nairobi issued an order winding up the company and appointed two KPMG officials as joint liquidators.
In a notice dated September 24, 2026, issued under the Insolvency Act, the court confirmed Anthony Makenzi Muthusi and Julius Mumo Ngonga as joint liquidators. Their appointment followed a liquidation order issued on September 17, 2026, in Insolvency Cause No. E106 of 2024 before the Commercial and Tax Division of the High Court.
Copia Kenya was established as a technology-driven e-commerce business serving rural and peri-urban households through local agents.
Copia Global, which operated the Kenyan business, raised about KSh15.9 billion (US$123 million) from investors to expand its operations. At its peak, Copia Kenya employed about 1,800 people and operated an agent network serving customers outside major urban centres.
Financial pressure increased in early 2024 after Copia Global failed to secure additional funding on acceptable terms. The parent company subsequently began winding down, leaving Copia Kenya to seek funding directly while continuing with a scaled-down ordering and delivery operation.
Copia Kenya entered administration in May 2024, with efforts focused on restructuring the business, reducing costs and securing fresh funding or a potential buyer. Administrators continued operations on a reduced scale while seeking to stabilise the company.
The rescue efforts did not secure sufficient funding to revive the business. On March 17, 2026, the administrators filed Insolvency Petition No. E106 of 2024, stating that Copia Kenya could no longer meet its debts.
A Gazette Notice published on May 6 invited creditors and contributories to support or oppose the petition at a hearing scheduled for May 11.
The court proceedings examined the administration and remaining assets, including asset realisation, money owed to Copia and outstanding tax issues involving the Kenya Revenue Authority.
In its proceedings, the court considered concerns regarding aspects of the administration. The court said: “Continuity of office is itself a relevant consideration.” The court noted administrators’ familiarity with Copia’s assets, liabilities, creditors and history.
The September 17 order placed the company into liquidation and allowed the existing KPMG practitioners to take responsibility for winding up the business.
With the liquidation order now in effect, Muthusi and Ngonga will oversee the winding-up process, including the realisation of remaining assets and administration of creditor claims.
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