Stove manufacturer Burn bags Sh646m for clean cooking drive

Cooking stove manufacturer Burn has received a $5 million (Sh646 million) funding from a European Union (EU)-backed investment facility, in a financing set to accelerate the production and distribution of its electric cookers to at least 100,000 new users through a hire purchase selling model.

The Kenyan-based US firm distributes the clean cooking stoves to consumers through the pay-as-you-cook (PAYC) model, integrated directly with mobile money payment systems which allows users to pay small amounts via their mobile phones, and ultimately achieve full ownership within a year.