Sign in Subscribe
Economic development

African Development Bank's Sustainable Energy Fund for Africa (SEFA) Supports Electric Cooking Expansion Across Three African Nations

Strategic Insights

— 1 min read

The African Development Bank's Sustainable Energy Fund for Africa (SEFA) is tackling charcoal dependence in Kenya, Uganda, and Zambia with a $4 million reimbursable grant. The grant will fund the Burn Electric Cooking Expansion Program (BEEP), deploying 115,000 Burn ECOA Electric Induction Cookers to provide clean cooking solutions for low-income, grid-connected households. This program makes clean cooking appliances more affordable and accessible by prefinancing induction cookers and recovering costs through carbon credit sales in the voluntary market.

Key Takeaways:

  • The Burn Electric Cooking Expansion Program (BEEP) will deploy 115,000 Burn ECOA Electric Induction Cookers across Kenya, Uganda, and Zambia to provide clean cooking solutions for low-income households.
  • The program is funded by a $5 million senior loan from the Spark+ Africa Fund, a $4 million reimbursable grant from SEFA, and $1 million in equity from Burn Manufacturing Company.
  • The appliances will generate carbon credits, owned by the Special Purpose Vehicle (SPV), with revenues shared among investors.
  • The program aims to catalyze private sector investments in efficient appliances and promote the scale-up of clean cooking technologies.
  • The program will also support the Mission 300 Initiative and the Bank's New Deal on Energy for Africa, which aim to deliver universal energy access through low-carbon solutions.
  • Peter Scott, Founder and CEO of BURN, stated that the program will enable the company to rapidly scale its IoT-enabled induction stove across the three target countries, providing low-income households with a zero-emission, digitally monitored alternative to charcoal and wood.

Statistics:

  • $4 million reimbursable grant from SEFA for the Burn Electric Cooking Expansion Program (BEEP)
  • 115,000 Burn ECOA Electric Induction Cookers to be deployed across Kenya, Uganda, and Zambia
  • $5 million senior loan from the Spark+ Africa Fund
  • $1 million in equity from Burn Manufacturing Company
  • 3 African nations: Kenya, Uganda, and Zambia, participating in the program

Sources:

  • M2 PRESSWIRE-July 23, 2025-: African Development Bank's Sustainable Energy Fund for Africa (SEFA) supports electric cooking expansion across three African nations (C)1994-2025 M2 COMMUNICATIONS RDATE:22072025
  • African Development Bank Group (AfDB)
  • Spark+ Africa Fund
  • Burn Manufacturing Company

Read more