BURN Manufacturing, a Kenyan producer and distributor of clean cookstoves, has successfully raised over $12 million to broaden its reach across Africa. This capital boost was primarily led by Key Carbon Ltd, previously known as Carbon Neutral Royalty, with substantial backing from Cartesian, a global private equity firm dedicated to decarbonisation projects.
African woman preparing a meal using an eco-friendly cookstove. AI generated picture.
The fresh funds are earmarked for spreading the adoption of BURN's electric cookstoves in Kenya, Tanzania, Uganda, and Zambia, and biomass stoves in Nigeria, the DRC, Tanzania, and Mozambique within the next two years. These areas are critical as Sub-Saharan Africa grapples with the adverse effects of traditional cooking methods, which include severe health risks and environmental degradation.
Read more: The importance of carbon offsetting in achieving net zero
Peter Scott, founder and CEO of BURN, highlighted the transformative impact of their products. Since 2014, BURN's stoves have changed the lives of over 24 million people. With the new investment, the company plans to reach an additional 1.5 million people. These efforts are projected to prevent over 12 million tonnes of carbon emissions over the next seven years.
Read more: Igniting change: DGB’s cookstoves revolution in Cameroon
The funding not only supports the spread of sustainable cooking technology but also helps BURN offer these stoves at subsidised rates, making them accessible to low-income households. Luke Leslie, co-founder and CEO of Key Carbon, expressed optimism about attracting more investors into the voluntary carbon market (VCM), which plays a vital role in accelerating environmental action and supporting vulnerable communities.
DGB Group's nature restoration efforts are showcased through projects that blend social and environmental solutions, utilising natural processes to foster significant and sustainable change. In the heart of Kenya, DGB’s Hongera Energy Efficient Cookstoves Project stands as a model of sustainability, where every cookstove manufactured and distributed is a step towards a healthier planet. Our energy-efficient cookstoves cut down on carbon emissions, decrease indoor air pollution, and generally empower local communities.
Discover DGB’s energy-efficient cookstove project in Kenya
Central to DGB's strategy is the use of carbon compensation not only to mitigate carbon emissions but also to restore natural habitats. The global rise in demand for carbon units, driven by organisations aiming for net zero, underscores DGB's deep commitment to ecosystem restoration and achieving equilibrium between human endeavours and the natural world.
Discover the impact you can have on nature through DGB’s nature-based solutions
