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 finance and last-mile distribution company based in Kenya that aims to enhance the lives of rural households by providing essential goods. The company offers a variety of products, including solar lamps and water tanks, which are selected to save users time and money. Bidhaa Sasa operates on a credit model, allowing customers to purchase these items through manageable monthly installment payments. This approach enables rural families to access affordable modern goods delivered directly to their homes, fostering financial inclusion and improving living standards in the communities it serves.

Sumac Microfinance Bank

Debt Financing in 2022
Sumac Microfinance Bank Ltd is a financial institution based in Nairobi, Kenya, established in 2004. The bank offers a range of banking products and services, including asset and insurance financing, deposits and savings accounts, as well as foreign exchange and currency exchange services. It provides various loan products tailored to meet different customer needs, such as asset finance, business loans, landlord loans, bridging loans, and overdraft facilities. Through its offerings, 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 creating customized biomass stove solutions for the developing world. The organization collaborates with implementing partners to establish sustainable stove dissemination systems that address cooking needs while tackling issues such as deforestation, women's health, and global warming. BURN's primary activities include the design, local manufacture, and distribution of fuel-efficient cooking products aimed at enhancing the lives of underserved communities. Operating a modern manufacturing facility near Nairobi, BURN produces a stove every minute, making it the largest facility of its kind in Africa. Their range of affordable and durable cookstoves, which include biomass, liquid fuel, and electric options, is designed to reduce harmful emissions and improve indoor air quality, enabling families to cook safely and sustainably while protecting their health and the environment.
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