NAIROBI, Kenya- BURN Manufacturing, Kenya’s innovator in clean cooking solutions, has secured a substantial Sh1.93 billion ($15 million) funding from the European Investment Bank (EIB).
Announced at the World Bank/IMF Annual Meetings in Washington, D.C., this investment will support the production and distribution of BURN’s ECOA electric cooking appliances across East Africa, targeting over one million households.
With its new funding, BURN is on track to broaden access to clean and affordable cooking options while aligning with global sustainability goals.
BURN’s ECOA Induction Cooker (IDC) brings more than just heat to the kitchen. Integrated with Pay As You Cook (PAYC) technology, the IDC allows customers to buy the appliance in manageable daily or weekly installments via mobile money.
This payment flexibility enables users to fully own the cooker within a year. Each appliance also comes with a complete three-piece stainless steel cookware set, all proudly manufactured in Kenya, underscoring BURN’s commitment to local production and affordability.
The EIB’s Sh1.93 billion funding is part of the European Union’s Global Gateway Initiative, which seeks to invest in sustainable infrastructure.
EIB Group President Nadia Calviño emphasized that this investment aligns with the EU’s mission to foster clean, affordable energy solutions for African households.
By making eco-friendly cooking solutions accessible, BURN not only helps reduce indoor air pollution but also provides significant economic savings for low-income families.
According to a study by the University of Pennsylvania and the University of Chicago, BURN’s cookstoves deliver an impressive 39pc fuel savings and cut annual household expenses by Sh.15,351 ($119).
In terms of environmental impact, each cookstove reduces CO2 emissions by 3.5 tons yearly, highlighting the critical role of clean cooking in tackling climate change.
This funding will further BURN’s mission of bringing clean cooking to African homes.
Peter Scott, Founder and CEO of BURN, expressed optimism, stating that the investment will support the transition of over one million households to electric cooking powered largely by renewable energy sources.
This shift aligns with BURN’s broader impact, having distributed over 5 million clean cookstoves across Africa, positively impacting 25 million lives and preventing 26 million tons of CO2 emissions to date.
