Partnership announced with BURN to accelerate access to electric cooking in Sub-Saharan Africa
Under separate agreements with BURN subsidiaries in the respective countries, MCFA will provide up to EUR 10 million of results-based financing until 2027 to expand access in the Democratic Republic of the Congo, Kenya, Mozambique, Tanzania and Zambia.
First agreement signed with a Zimbabwean company
The first agreement has been signed with Lanforce Energy. It is a women-owned and led company in Zimbabwe selling biogas digesters to support the scale-up of clean and modern cooking solutions in rural and peri-urban areas of the country, potentially benefitting thousands of Zimbabweans.
Nefco partners with GET.invest to support the Modern Cooking Facility for Africa and Beyond the Grid Fund for Africa programmes
Nefco has signed a partnership arrangement with GET.invest to mobilise further capital for the growing portfolio of companies under the Beyond the Grid Fund for Africa (BGFA) and Modern Cooking Facility for Africa (MCFA) results-based financing instruments.
Learn why support for clean cooking solutions is needed
The Modern Cooking Facility for Africa is a new financing programme supporting scale-up of clean cooking solutions in six Sub-Saharan African countries. The aim of the programme is to provide 3 million people in Africa with access to clean, modern and affordable cooking solutions by the end of 2027.
Programme background
Over 4 billion people globally and almost 900 million people in Sub-Saharan African countries lack access to modern and clean cooking solutions. This is the only region in the world where access to clean cooking solutions has not kept pace with population growth.
The aim of the MCFA programme is to provide 3 million Africans with access to clean cooking solutions, initially in the Democratic Republic of the Congo, Kenya, Mozambique, Tanzania, Zambia and Zimbabwe. The programme will also aim to have a large positive environmental impact, mitigating deforestation and avoiding CO2 emissions, as well as improving overall health and increasing economic growth in the project countries.