Bboxx secures US$500,000 loan from UNCDF for the deployment of its clean cookers in DRC

DRC – The United Nations Capital Development Fund (UNCDF), is availing US$500,000 in funding to British energy company Bboxx to deploy its clean cooking solution in several provinces of the Democratic Republic of Congo (DRC). The funding is intended for the development of Bboxx’s second core business in the DRC, namely the distribution of environmentally friendly cookers. The company, which mainly supplies solar home systems, wants to implement its partnership with UNCDF in the DRC provinces of Goma, Bukavu and Lubumbashi, where the rate of access to clean cooking is…

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Malawi launches US$1.1m clean cooking fund

MALAWI – The government of Malawi and its development partners have launched a US$1.1million clean cooking fund to promote fuel efficient cooking technologies and alternative cooking energy in the country. The country’s Minister for Forestry and Natural Resources. Nancy Tembo said in Lilongwe during the launch that the funds will provide financing to the innovative entrepreneurs that have creativity and business vision to transform cooking and change history. “This focus is in full alignment with government’s development agenda and I believe that we have the creativity and entrepreneurs that will…

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AfDB invests US$5m to deliver clean cooking technologies

AFRICA – The African Development Bank has approved a US$5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa. The European Commission will contribute an additional US$12 million towards the project. The Bank’s investment, which will come from its Sustainable Energy Fund for Africa (SEFA), is expected to enable the participation of other interested investors. As an anchor investor, the bank will channel first-loss equity from SEFA and the European Commission thematic blending facility. In addition to delivering clean cooking…

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Off grid energy startup BioLite secures US$5m investment from KawiSafi

KENYA – BioLite, a Brooklyn-based offered energy startup, has closed a US$5 million investment from KawiSafi Ventures, a growth fund investing catalytic capital to scale companies providing clean, affordable, and efficient energy to East Africa’s low-income populations. KawiSafi joins existing investors Emerson Collective and Disruptive Innovation Fund (Rose Park Advisors) to support BioLite’s plans to further develop innovative off-grid energy products for recreation and emerging markets. Through partnerships with over 30 distributors in emerging markets, BioLite brings clean cooking and solar home energy products to customers in 17 countries. Since…

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