NAIROBI, Kenya, June 24 – Kenya-based clear cookstove producer BURN has secured a Sh10.4 billion financing package deal from the Trade and Development Bank (TDB) Group to increase entry to scrub cooking options in Mozambique, the Democratic Republic of Congo (DRC), and Zambia.
The financing deal contains a mixture of debt and results-based funding, channeled by means of TDB and its concessional window, the Trade and Development Fund (TDF).
The funds will allow BURN to provide clear cooking home equipment to 430,000 households throughout the three international locations.
The initiative falls beneath TDB’s new ASCENT Platform, launched in partnership with the World Bank as a part of the broader Mission 300 objective—to attach 300 million folks to electrical energy and clear cooking by 2030.
BURN’s rollout will embody its ECOA biomass and IoT-enabled induction cookstoves, designed to scale back emissions and family gasoline prices whereas eliminating indoor air air pollution.
The stoves are additionally anticipated to generate CORSIA-eligible and ICVCM-compliant carbon credit, providing potential returns by means of future credit score gross sales.
According to BURN, the undertaking is projected to profit over 2.1 million folks and stop an estimated 3 million tonnes of CO₂ emissions as soon as totally applied.
The funding construction makes use of the anticipated worth of future carbon credit to subsidize range prices for end-users—a mannequin TDB Group says may very well be replicated in future carbon-linked infrastructure tasks.
