The Importance of
Clean and Modern Energy
for Cooking in Sub-Saharan Africa
2.3 billion people, approximately a third of the world's population, rely on unhealthy and polluting cooking methods such as open fires and inefficient stoves which generate harmful household air pollution.
In sub-Saharan Africa, around 960 million people cook with firewood, charcoal, and kerosene, with major social, environmental, and economic consequences:
« Changing the way families cook their food each day will slow climate change, drive gender equality, reduce poverty, and provide enormous health benefits. » - Wanjira Mathai (2021)
In sub-Saharan Africa, around 960 million people cook with firewood, charcoal, and kerosene, with major social, environmental, and economic consequences:
« Changing the way families cook their food each day will slow climate change, drive gender equality, reduce poverty, and provide enormous health benefits. » - Wanjira Mathai (2021)
Spark+ Africa Fund is the world’s first impact investment fund focused exclusively on clean and modern cooking solutions in developing countries. With a total AuM of $64 million, Spark+ finances companies that offer next-generation, distributed energy for cooking to the mass market in sub-Saharan Africa, including those that rely on electricity, LPG, biofuels, and other technologies.
Spark+ is a true « triple bottom line » fund, designed to deliver financial, social, and environmental returns by:
Enabling millions of African families to stay healthy, save time, and reduce energy costs.
Enabling millions of African families to stay healthy, save time, and reduce energy costs.
Protecting the environment through reductions to deforestation and greenhouse gas emissions.
Protecting the environment through reductions to deforestation and greenhouse gas emissions.
All while tapping into a large and underserved market.
All while tapping into a large and underserved market.
Enabling Qapital (EQ): A FINMA-regulated Swiss impact asset manager with over $700 million in advised assets and a global team of investment professionals. EQ serves as the fund manager.
Stichting Modern Cooking (SMC): A Netherlands-based foundation which supports clean cooking access in developing countries. SMC serves as the manager of the fund’s technical assistance facility.
Spark+ provides debt and mezzanine capital to scalable companies throughout the value chain, including:
Investments range from $500,000 to $7 million, targeting companies with proven product-market fit and commercial traction.
Spark+ is financed by a mix of public and private investors including development finance institutions, pension funds, foundations, and family offices.
Spark+ Africa Fund’s first investment was in BURN Manufacturing, a leading producer of fuel-efficient cooking appliances with manufacturing capabilities in East and West Africa. To date, the company has achieved the following:
For detailed information about Spark+, including the fund’s investment strategy, team, portfolio, press releases, and contact details, please visit sparkafricafund.com.
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