Bboxx Secures USD 5.5 Mn From Africa Go Green Fund

The Africa Go Green Fund for Renewable Energy and Energy Efficiency (AGG),  has signed a second transaction for a USD 5.5 Mn loan with Bboxx, a next-generation utility expanding access to clean energy and clean cooking across Africa.

The funding will help drive efforts to overcome barriers to clean cooking adoption by providing accessible commercial solutions including addressing issues such as distribution complexity and a lack of customer purchasing power, in a step towards ensuring clean energy access for all.

Bboxx has introduced an environmentally friendly cooking solution that runs on liquefied petroleum gas (LPG) which is an alternative to firewood and charcoal.