The Importance of

Clean and Modern Energy

for Cooking in Sub-Saharan Africa

 

 

Spark+ Africa Fund

 

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.

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Impact of Traditional Cooking Methods:

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)

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Impact of Traditional Cooking Methods:

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)

Environment

  • The production and use of firewood and charcoal for cooking contribute significantly to deforestation and forest degradation across the developing world, and in particular, sub-Saharan Africa where rates of deforestation are highest globally.
  • Estimates suggest that approximately half of the continent's deforestation and forest degradation is due to traditional cooking practices (The Guardian).
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Climate

  • Traditional cooking methods in developing countries contribute approximately 2% of global CO₂ emissions, roughly equivalent to the global aviation or shipping industries.
  • In addition, traditional cooking methods contribute approximately 58% of black carbon emissions, which is a highly potent climate forcer with greater near-term impacts than carbon dioxide (Environment Energy Leader, Equal Times, Climate Columbia).
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Health

  • Household air pollution, mostly from cooking smoke, is linked to around 3.7 million premature deaths a year, a figure that exceeds those caused by malaria, HIV, and tuberculosis combined (NIHR, IEA).
  • In sub-Saharan Africa alone, it is estimated to be responsible for more than 600,000 premature deaths on an annual basis (UNEP, WHO).
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Poverty

  • There is also a meaningful financial burden associated with energy poverty. While energy expenditures are typically in the range of 10% of total family budgets, in some of the poorest households, far more can be spent on unhealthy and polluting fuels (WB Report).
  • In South Africa, for example, up to 27% of total family budgets are spent on energy, including cooking fuels (MDPI).
  • In addition, in rural areas where the use of free biomass is prevalent, women can spend up to six hours daily gathering firewood, time which could otherwise be used for other purposes (IEA).
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Environment

  • The production and use of firewood and charcoal for cooking contribute significantly to deforestation and forest degradation across the developing world, and in particular, sub-Saharan Africa where rates of deforestation are highest globally.
  • Estimates suggest that approximately half of the continent's deforestation and forest degradation is due to traditional cooking practices (The Guardian).
Image

Climate

  • Traditional cooking methods in developing countries contribute approximately 2% of global CO₂ emissions, roughly equivalent to the global aviation or shipping industries.
  • In addition, traditional cooking methods contribute approximately 58% of black carbon emissions, which is a highly potent climate forcer with greater near-term impacts than carbon dioxide (Environment Energy Leader, Equal Times, Climate Columbia).
Image

Health

  • Household air pollution, mostly from cooking smoke, is linked to around 3.7 million premature deaths a year, a figure that exceeds those caused by malaria, HIV, and tuberculosis combined (NIHR, IEA).
  • In sub-Saharan Africa alone, it is estimated to be responsible for more than 600,000 premature deaths on an annual basis (UNEP, WHO).
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Poverty

  • There is also a meaningful financial burden associated with energy poverty. While energy expenditures are typically in the range of 10% of total family budgets, in some of the poorest households, far more can be spent on unhealthy and polluting fuels (WB Report).
  • In South Africa, for example, up to 27% of total family budgets are spent on energy, including cooking fuels (MDPI).
  • In addition, in rural areas where the use of free biomass is prevalent, women can spend up to six hours daily gathering firewood, time which could otherwise be used for other purposes (IEA).
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About Spark+ Africa Fund

 

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:

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Enabling millions of African families to stay healthy, save time, and reduce energy costs.

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Enabling millions of African families to stay healthy, save time, and reduce energy costs.

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Protecting the environment through reductions to deforestation and greenhouse gas emissions.

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Protecting the environment through reductions to deforestation and greenhouse gas emissions.

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All while tapping into a large and underserved market.

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All while tapping into a large and underserved market.

Spark+ was launched by:

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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.

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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:

  • Appliance manufacturers.
  • Technology-enabled fuel utilities.
  • Carbon project developers.
  • Microfinance institutions.
  • Solar home system companies and mini-grid operators.

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.

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Portfolio Highlight: BURN Manufacturing

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:

  • 17 million tons of CO2 emissions avoided.
  • 9.6 million tons of wood saved, contributing to forest preservation.
  • $700 million in fuel cost savings for customers.

Learn more about Spark+

 

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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