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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