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Cookstoves startup Burn in Sh10bn deal for expansion to Zambia
Founder and CEO of Burn Manufacturing Peter Scott which manufactures Jikokoa, an energy saving Charcoal stove, during an interview at the company in Ruiru on August 13, 2020.
Kenyan-born cooking appliances maker Burn Manufacturing has secured funds from a Sh10.3 billion ($80 million) kitty from the Trade and Development Bank (TDB) Group, to expand into Zambia and boost supply in two of its markets, supporting its regional growth drive.
The funding package, which will be shared with Dubai-based solar systems firm Ignite Power, was announced last Wednesday on the sidelines of the Africa Energy Forum (AEF) in Cape Town, South Africa.
