BURN Manufacturing, a global leader in clean cookstove production, has secured a $10 million investment from the Africa Go Green Fund (AGG), managed by Cygnum Capital Asset Management.
The funding aims to support BURN’s distribution of clean cookstoves in Mozambique, Nigeria, and the Democratic Republic of Congo, targeting improved livelihoods, health benefits, and deforestation reduction.
The initiative plans to provide enhanced cooking solutions to 50,000-150,000 customers in each country, aiming to reduce approximately 6.9 million tons of Carbon oxide (CO2) emissions.
BURN, established in 2011, has a proven track record of positively impacting lives and preventing CO2 emissions.
The company’s top-tier stoves offer cost savings, reduce indoor air pollution, and contribute to forest preservation.
Through carbon financing, BURN subsidizes the cost of cookstoves, making them affordable for low-income households.
The AGG funding will enable BURN to expand access to its stoves in Sub-Saharan Africa, where millions still rely on open fires or inefficient cookstoves.
This collaboration reflects a shared commitment to addressing environmental challenges and improving the quality of life in targeted African countries.