MCFA at COP29: Future growth scenarios in the clean cooking sector
MCFA is arranging an event at COP29 on 14 November regarding future growth scenarios in the clean cooking sector and the the role of carbon finance to scale up activities.
Two new portfolio companies scaling up access to clean cooking across Kenya
New agreements have been signed with ACE Hybrid Energy Kenya and Better Cooking Company, offering clean cookstoves based on solar/biomass technology and pellets.
Learn why support for clean cooking solutions is needed
The Modern Cooking Facility for Africa is a financing programme supporting scale-up of clean cooking solutions in seven Sub-Saharan African countries. The aim of the programme is to provide up to 4 million people in Africa with access to clean, modern and affordable cooking solutions by the end of 2027.
Programme background
Over 2.3 billion people globally and almost 900 million people in Sub-Saharan African countries lack access to modern and clean cooking solutions. This is the only region in the world where access to clean cooking solutions has not kept pace with population growth.
The aim of the MCFA programme is to provide up to 4 million Africans with access to clean cooking solutions, initially in the Democratic Republic of the Congo, Kenya, Malawi, Mozambique, Tanzania, Zambia and Zimbabwe. The programme will also aim to have a large positive environmental impact, mitigating deforestation and avoiding CO2 emissions, as well as improving overall health and increasing economic growth in the project countries.