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Originally published by Capital Business
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business
April 27, 2026
3h ago

Kenyan clean cooking firms seek Sh5.6bn to scale operations

Kenyan clean cooking firms seek Sh5.6bn to scale operations

The firms include BURN Manufacturing, which plans to raise Sh1.3 billion ($10 million), Ignis Innovation and Faith Engineering targeting Sh1.95 billion ($15 million) each, alongside Feion seeking Sh260 million ($2 million) and Eco Bora aiming for Sh130 million ($1 million). Kenya..

✨ Key Highlights

Five Kenyan clean cooking companies are seeking to raise a total of Sh5.6 billion (approximately $43 million) from international investors to scale their operations and meet growing demand for eco-friendly cooking solutions.

  • The companies, including BURN Manufacturing, Ignis Innovation, Faith Engineering, Feion, and Eco Bora, aim to expand product offerings and meet rising demand driven by environmental concerns and a desire to reduce reliance on traditional fuels like charcoal and firewood.
  • Kenya continues to be a leading startup hub in Africa, with local startups raising Sh126 billion ($984 million) in 2025, though medium-sized deals saw a decrease.
  • The appeal of Kenyan startups to investors is attributed to a supportive policy environment, high mobile penetration, and their role in addressing energy access and climate challenges.

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