Transaction

BURN Manufacturing - TDB Group ASCENT debt facility and TDF grant (Zambia, DRC, Mozambique)

Terms

Project developer: BURN Manufacturing
Recipient type: Technology company
Country: Zambia, DRC, Mozambique
Capital providers: Capital providers and the amount counted for each
Party Role Amount Basis
TDB Group Lender Undisclosed No value disclosed
Trade and Development Fund Grantor Undisclosed No value disclosed

Capital providers and the amount counted for each
Party	Role	Amount	Basis
TDB Group	Lender	Undisclosed	No value disclosed
Trade and Development Fund	Grantor	Undisclosed	No value disclosed

: TDB Group signed a debt facility with BURN Manufacturing at the Africa Energy Forum in Cape Town on 19 June 2025, alongside a performance-based grant to BURN from the Trade and Development Fund (TDF) under the ASCENT platform. The facility supports BURN's expansion to 429,127 households in Zambia, the Democratic Republic of Congo and Mozambique. Neither TDB nor BURN discloses an amount for the facility or the grant (trade press reports a figure for a package shared with Ignite Power, which is not the company's account). On 24 November 2025 TDF and the World Bank Group announced five further ASCENT results-based grant agreements, one with BURN, sharing US$10.8m between five grantees without giving BURN's share.

: - Debt and a results-based grant are signed together: the lender provides the facility and the TDF grant pays on delivery of households reached, while BURN gives customers a subsidy in exchange for the future value of the carbon credits, in its CEO's words.

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