Spark+ Africa Fund

Spark+ Africa Fund is a fund of financial companies that provide next-generation, widely dispersed cooking energy solutions for the general public and was established to encourage investment in one of the world's most neglected energy concerns with substantial social and environmental ramifications. Other social and environmental advantages that businesses can provide include preserving forests, promoting gender equality, fostering industrial and economic growth, and lowering greenhouse gas emissions.

Peter George

Co-Investment Director

4 past transactions

Tasc

Debt Financing in 2023
Tasc specializes in identifying, financing, and developing projects that align with market needs and environmental goals.

Bidhaa Sasa

Debt Financing in 2023
Bidhaa Sasa is a company dedicated to improving the lives of rural households in Kenya by providing essential goods and services. The company specializes in a variety of products, including solar lamps and water tanks, which are designed to save consumers both time and money. Bidhaa Sasa employs a unique financing model that allows customers to purchase these products through manageable monthly installment payments. By focusing on last-mile distribution, Bidhaa Sasa ensures that modern, affordable goods are readily accessible to families in rural areas, thus enhancing their quality of life and promoting sustainable living.

Sumac Microfinance Bank

Debt Financing in 2022
Sumac Microfinance Bank Ltd is a financial institution based in Nairobi, Kenya, established in 2004. The bank specializes in offering a variety of banking products and services, including asset and insurance financing, deposits, savings accounts, foreign exchange, and a range of loan products. Its loan offerings include specialized options such as asset finance, business loans, landlord loans, bridging loans, and overdraft facilities. By providing accessible financial services, Sumac Microfinance Bank aims to support individuals and businesses in managing their financial needs effectively.

Burn

Debt Financing in 2022
BURN Design Lab is a nonprofit organization focused on providing customized, fuel-efficient cooking solutions for underserved communities in the developing world. The organization designs, manufactures, and distributes a variety of cookstoves, including biomass, liquid fuel, and electric options, aimed at reducing harmful emissions and improving indoor air quality. Operating the largest modern manufacturing facility of its kind in Africa, located near Nairobi, BURN produces one stove per minute to meet the needs of local populations. By collaborating with implementing organizations, BURN develops sustainable stove dissemination systems that not only enhance cooking efficiency but also address significant issues such as deforestation, women's health, and climate change.
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