Business1 hSeptember 30, 2026, 16:23

Kenyan court orders Copia Kenya into liquidation after rescue fails

A Kenyan High Court ordered e-commerce company Copia Kenya, which raised $123 million, into liquidation on September 17 after more than two years of administration failed to revive the business. Realisable assets were estimated at KES 206.6 million ($1.6 million) against KES 169.5 million in creditor claims.

TechCabal

Open source

Copia raised $123 million, including a $50 million Series C in 2022 and $20 million in December 2023
At its peak it had 50,000 agents, 1,800 employees and over 2 million customers
February 2026 assets were valued at KES 206.6 million against KES 169.5 million in claims
In June 2024 it laid off 1,060 staff and stopped orders in six regions

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