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Originally published by Nation Business
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business
April 25, 2026
3h ago

Five clean cooking energy firms seek Sh5.5bn funding amid Koko collapse

Five clean cooking energy firms seek Sh5.5bn funding amid Koko collapse

The funding requirement points to the growing interest in clean cooking in Kenya...

✨ Key Highlights

Five Kenyan clean cooking energy firms are collectively seeking $43 million (Sh5.56 billion) in new funding, despite recent concerns sparked by the collapse of industry peer Koko Networks.

  • The companies, including Ignis Innovations and Faith Engineering, are seeking significant investments to scale their operations.
  • This funding drive occurs as Kenya pitches $15.5 billion in investment opportunities to global investors.
  • The collapse of Koko Networks, reportedly due to regulatory issues concerning carbon credits, has raised questions about business model sustainability and regulatory risks in the sector.

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