Latest news with #cleanCooking
Associated Press
14-05-2025
- Business
- Associated Press
BURN SECURES US$5 MILLION INVESTMENT FROM ELECTRIFI TO SCALE ELECTRIC COOKING IN KENYA
BURN secures $5M from ElectriFI to deploy 100,000 ECOA electric stoves in Kenya, cutting fuel costs & 1.4M tons of CO₂ via IoT & PAYC tech. 'Kenya's electricity grid is over 90% renewable, yet more than 15 million households still cook with polluting fuels. This investment helps close that gap.'— Peter Scott, Founder and CEO of BURN NAIROBI, NAIROBI, KENYA, May 14, 2025 / / -- BURN, Africa's leading clean cookstove manufacturer, distributor, and carbon project developer, has received a USD 5 million investment from EDFI Management Company (EDFI MC) through the EU Funded Electrification Financing Initiative (ElectriFI). This investment will allow over 100,000 Kenyan households to transition to clean, electric cooking—reducing household energy costs and eliminating an estimated 1.4M tons of CO₂ emissions over the product lifetime through BURN's IoT-enabled ECOA Induction Cooker (ECOA IDC). Across Africa, over 600 million people have access to the grid but do not use it, they instead spend US$12 per week on charcoal, wood, or LPG. A key barrier to accessing electric cooking is the high upfront cost. ElectriFI will help BURN by scaling up the distribution of its IoT-enabled ECOA Induction stove, allowing households to reduce their fuel bills by 40% to 60% while generating high-integrity carbon credits. The ECOA IDC is equipped with innovative Pay As You Cook (PAYC) technology, integrated directly with mobile money payment systems and the ECOA Mobile App. This allows users to pay small amounts via their mobile phones, achieving full ownership within a year. This flexible financing approach makes electric cooking accessible for low-income households. The ElectriFI investment aligns with the European Union's ambition to promote clean energy access, support local manufacturing, and foster climate resilience. It exemplifies how targeted, catalytic financing can mobilize broader investment and empower private businesses to drive sustainable impact at scale. Peter Scott, Founder and CEO of BURN, said, 'Kenya's electricity grid is over 90% renewable—yet more than 15 million households still cook with polluting fuels. This investment helps close that gap. With over 40,000 ECOA induction cookers already in homes across East and West Africa, we're proving that electric cooking—designed and built in Africa—can be the future of clean, affordable energy access at scale.' This investment aligns with the European Union's ambition to promote clean energy access, support local manufacturing, and foster climate resilience. It exemplifies how targeted, catalytic financing can mobilise broader investment and empower private businesses to drive sustainable impact at scale. Rodrigo Madrazo, CEO of EDFI Management Company, said: 'Access to clean and affordable cooking solutions is essential for sustainable development. Through ElectriFI, we are proud to support BURN's pioneering work that not only improves household health and reduces environmental degradation, but also strengthens local economies by creating manufacturing and distribution jobs across the value chain. Our investment underscores our commitment to driving private sector-led impact and accelerating the green transition in emerging markets.' To date, BURN has distributed over 5 million clean cookstoves across Africa, transforming the lives of ~25 million+ people and preventing ~26 million tons of CO2 emissions from entering the atmosphere. BURN MANUFACTURING BURN Manufacturing 790504698 ext. email us here Visit us on social media: LinkedIn Instagram Facebook YouTube TikTok X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
CNN
07-05-2025
- Business
- CNN
Changing the way Kenyans cook
According to the International Energy Agency, more than a billion people lack access to clean cooking fuels across the African continent. One Kenyan company, M-Gas, is looking to change that by using an unlikely tool: emerging technology.
CNN
07-05-2025
- Business
- CNN
Changing the way Kenyans cook
According to the International Energy Agency, more than a billion people lack access to clean cooking fuels across the African continent. One Kenyan company, M-Gas, is looking to change that by using an unlikely tool: emerging technology.
Zawya
07-05-2025
- Health
- Zawya
The United Nations Capital Development Fund (UNCDF) and Partners Launch East Africa Regional Clean Cooking Symposium in Arusha, Tanzania
To accelerate the momentum of the clean cooking revolution, the United Nations Capital Development Fund (UNCDF) ( in collaboration with the Government of Tanzania and the European Union, inaugurated the Eastern Africa Regional Clean Cooking Energy Symposium in Arusha, Tanzania. The event brought together industry leaders and policymakers to discuss strategies for advancing clean cooking, under the theme 'Linking finance, innovation, technology adoption, access, and policy.' The three-day regional symposium convened over 200 key stakeholders, including senior government representatives from Kenya, Uganda, Malawi, Rwanda, and Tanzania, development partners, SMEs, researchers, financial institutions, and civil society organizations. This gathering underscored a shared regional commitment to addressing the critical issue of clean cooking in East Africa, where the prevalent use of traditional biomass fuels like wood and charcoal poses significant health risks, contributes to environmental degradation, and exacerbates climate change. In his keynote address, delivered on behalf of Hon. Dr. Dotto Mashaka Biteko, Deputy Prime Minister and Minister for Energy, Eng. Innocent Luoga, Commissioner of Electricity and Renewable Energy, emphasized: 'The Clean Cooking Agenda is a top national priority for Her Excellency Dr. Samia Suluhu Hassan, who has taken an active leadership role in championing clean cooking across the continent, particularly through the launch of the African Women Clean Cooking Support Program. This symposium serves as a platform for new ideas and regional collaboration on the clean cooking agenda'. The symposium aligns with Tanzania's National Clean Cooking Strategy (2024–2034), which aims to ensure that 80% of Tanzanians adopt clean cooking solutions by 2034. This ambitious goal addresses the pressing need to reduce reliance on traditional cooking methods that contribute to deforestation, indoor air pollution, and adverse health outcomes. Mr. Peter Malika, UNCDF Chief Technical Advisor, highlighted the symposium's significance: 'This regional symposium is a valuable platform for learning, sharing, and collaboration. We are highlighting opportunities in the clean cooking value chain, promoting cooperation, and advancing the adoption of clean cooking as a primary objective of a regional conference such as this one.' Throughout the symposium, participants will engage in discussions on blended finance mechanisms, leveraging private sector investments, establishing standards and certification to ensure quality and consumer confidence, exploring carbon credit opportunities, and sharing best practices and innovations in clean cooking technologies and market delivery approaches. Also speaking at the Symposium, Albina Minja, Company Operational Manager, SESCOM, a company that promotes efficient production and use of electricity from renewable energy sources said, 'We carried out research in the country in 2018 and the research concluded that cooking with electricity is cheaper than cooking with any other appliance. Since then, we started creating awareness while also strengthening our supply chain to ensure the availability of high-quality appliances in Tanzania. We are honored to be a grantee of CookFund. The program has been very useful to us as a company but also to the end users.' The partnership between UNCDF, the Government of Tanzania, and the European Union has facilitated the implementation of the CookFund, which empowers businesses, expands market access, and makes clean cooking more accessible and affordable across communities. Together, these collaborative efforts are building a cleaner, healthier, and more inclusive energy future, starting in Arusha and extending across the region. Distributed by APO Group on behalf of The United Nations Capital Development Fund (UNCDF). For more information, contact: Mariam Simba Email: Mobile: +255655679705 United Nations Capital Development Fund: The UN Capital Development Fund (UNCDF) mobilizes and catalyzes an increase in capital flows for SDG impactful investments to Member States, especially Least Developed Countries, contributing to sustainable economic growth and equitable prosperity. In partnership with UN entities and development partners, UNCDF delivers scalable, blended finance solutions to drive systemic change, pave the way for commercial finance, and contribute to the SDGs. We support market development by enabling entities to access finance in high-risk environments by deploying financial instruments, mechanisms and advisory. The CookFund Fund: The 'Accelerated Market Rollout of Clean Cooking Solutions in Tanzania', or Cookfund Programme, is a five year programme funded by the European Union under the Integrated Approach to Sustainable Cooking Solution Initiative. The official launch took place on the 13 th of December 2021 in Dodoma, Tanzania. The CookFund provides financial and technical assistance to eligible enterprises and companies to accelerate market roll-out of clean cooking solutions (stoves and fuels) leading to improved social, economic, and environmental conditions. It finances capital expenditures and/or working capital for building the internal capacity of businesses involved in the production, importation, distribution, wholesale or retail of stoves, fuels, or related products and services.
