NAIROBI, Kenya, June 24 – Kenya-based clean cookstove manufacturer BURN has secured a Sh10.4 billion financing package from the Trade and Development Bank (TDB) Group to expand access to clean cooking solutions in Mozambique, the Democratic Republic of Congo (DRC), and Zambia.
The financing deal comprises a mix of debt and results-based funding, channeled through TDB and its concessional window, the Trade and Development Fund (TDF).
The funds will enable BURN to supply clean cooking appliances to 430,000 households across the three countries.
The initiative falls under TDB’s new ASCENT Platform, launched in partnership with the World Bank as part of the broader Mission 300 goal—to connect 300 million people to electricity and clean cooking by 2030.
BURN’s rollout will include its ECOA biomass and IoT-enabled induction cookstoves, designed to reduce emissions and household fuel costs while eliminating indoor air pollution.
The stoves are also expected to generate CORSIA-eligible and ICVCM-compliant carbon credits, offering potential returns through future credit sales.
According to BURN, the project is projected to benefit over 2.1 million people and prevent an estimated 3 million tonnes of CO₂ emissions once fully implemented.
The investment structure uses the expected value of future carbon credits to subsidize stove costs for end-users—a model TDB Group says could be replicated in future carbon-linked infrastructure projects.
