$1,579,199,081+
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Kenyan clean cooking appliance manufacturer BURN has signed an agreement with the European Investment Bank (EIB) to receive USD 15 M in debt. The investment will fund the distribution of BURN’s ECOA Electric Induction cooker to households across East Africa.
Founded in 2011, BURN produces clean cookstoves dedicated to improving lives, protecting forests, and reducing CO2 emissions. Headquartered in Nairobi, BURN operates in nine countries and employs over 3,500 people. Its mission is to provide sustainable cooking solutions across the continent.
The current debt investment from EIB Global will support BURN’s efforts to reduce indoor air pollution, a significant health issue that causes 4 million premature deaths annually, particularly affecting women in developing countries. The ECOA Electric Induction cooker aims to offer a cleaner and safer cooking alternative for households in the region.