Terms
- Announced
- 29 Nov 2023
- Instrument
- Debt
- Amount
- US$10.0m
- Source
- burnstoves.com
Parties
- Project developer
- BURN Manufacturing
- Country
- Mozambique, Nigeria, DRC
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Africa Go Green Fund Lender US$10.0m Sole provider: the whole transaction
Carbon
- Pathway
- Other
What happened
- Africa Go Green Fund, managed by Cygnum Capital, and BURN signed a $10 million project finance agreement to fund clean cookstove distribution in Mozambique, Nigeria and DRC. BURN subsidises stove costs with carbon finance.
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