Africa Action

New Legislation Aims to Expand Access to Clean Cooking Globally

Retrieved on: 
Wednesday, June 28, 2023
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Washington, DC, June 28, 2023 /PRNewswire-PRWeb/ -- Senator Susan Collins (R-ME) and Senator Dick Durbin (D-IL) have introduced the Clean Cooking Support Act. The bipartisan bill would improve global health and reduce climate-harming emissions by helping people in low- and middle-income countries gain access to cleaner-burning fuels and stoves for cooking.

Key Points: 
  • Senators Susan Collins (R-ME) and Dick Durbin (D-IL) have introduced a bill to accelerate access to clean cooking.
  • "We cannot reach our shared development and climate goals without addressing access to clean energy for cooking," said Dymphna van der Lans, Chief Executive Officer of the Clean Cooking Alliance .
  • The Clean Cooking Alliance is working with partners around the world to improve access to clean cooking, including through:
    -The Responsible Carbon Finance for Clean Cooking Initiative, which seeks to ensure that carbon market opportunities are realized through sound, verifiable, and up-to-date methodologies.
  • -The Clean Cooking and Climate Consortium, which supports countries' efforts in using clean cooking interventions to meet their climate goals.

The Spark+ Africa Fund Provides US $3.5 Million in Carbon Finance to TASC for the Distribution of 90,000 Cookstoves in Zambia

Retrieved on: 
Monday, June 12, 2023
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LUXEMBOURG, June 12, 2023 /PRNewswire-PRWeb/ -- The Spark+ Africa Fund ("Spark+" or the "Fund") has provided US $3.5 million in long-term carbon project financing to a Mauritius-based subsidiary of TASC (the "Company"). It is the Fund's sixth transaction since it launched in March 2022.

Key Points: 
  • Spark+'s subsidiary TASC will distribute clean cookstoves to households in rural Zambia through a long-term carbon financing.
  • LUXEMBOURG, June 12, 2023 /PRNewswire-PRWeb/ -- The Spark+ Africa Fund ("Spark+" or the "Fund") has provided US $3.5 million in long-term carbon project financing to a Mauritius-based subsidiary of TASC (the "Company").
  • The project finance debt will enable TASC to distribute 90,000 wood cookstoves to bottom of the pyramid households in rural Zambia who are otherwise unable to afford high-quality improved cookstoves.
  • Alick McIntosh, Chief Executive Officer, TASC: "TASC prides itself on implementing high-quality carbon projects with a focus on integrity and transparency.

The Clean Cooking Alliance Releases its 2022 Annual Report

Retrieved on: 
Tuesday, March 14, 2023
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WASHINGTON, March 14, 2023 /PRNewswire-PRWeb/ -- The Clean Cooking Alliance (CCA) released its 2022 Annual Report, highlighting how CCA has continued to transform markets, shape policies, and increase access to clean cooking for the billions of people around the world who still live without it.

Key Points: 
  • WASHINGTON, March 14, 2023 /PRNewswire-PRWeb/ -- The Clean Cooking Alliance (CCA) released its 2022 Annual Report, highlighting how CCA has continued to transform markets, shape policies, and increase access to clean cooking for the billions of people around the world who still live without it.
  • With clean cooking companies receiving a record US $200 million in investment, 2022 marked a breakout year for the sector.
  • Launching the Responsible Carbon Finance for Clean Cooking Initiative , which focuses on building trusted and effective carbon markets to support clean cooking and a just energy transition.
  • Implementing four initiatives under the Clean Cooking Systems Strategy , including a Delivery Units Network to help national governments increase access to clean cooking.

Spark+ Provides Inventory Financing to East African Last-mile Distributor

Retrieved on: 
Tuesday, January 31, 2023
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LUXEMBOURG, Jan. 31, 2023 /PRNewswire-PRWeb/ -- Spark+ Africa Fund ("Spark+" or the "Fund") has provided a 2.5-year, USD 500,000 loan to Kenya-based Bidhaa Sasa (the "Company"). Bidhaa Sasa is the third investment since the Fund launched in March 2022.

Key Points: 
  • Bidhaa Sasa is a high-impact last-mile distributor offering life-improving technologies such as clean cooking solutions, on credit, to low-income consumers in rural Kenya and Uganda.
  • LUXEMBOURG, Jan. 31, 2023 /PRNewswire-PRWeb/ -- Spark+ Africa Fund ("Spark+" or the "Fund") has provided a 2.5-year, USD 500,000 loan to Kenya-based Bidhaa Sasa (the "Company").
  • Bidhaa Sasa is the third investment since the Fund launched in March 2022.
  • We look forward to enabling Bidhaa Sasa to scale-up its business and impact in East Africa during the years to come."

Spark+ Provides USD 2 Million to Sumac Microfinance Bank to Grow its Clean Cooking Portfolio in Kenya

Retrieved on: 
Tuesday, September 13, 2022
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LUXEMBOURG, Sept. 13, 2022 /PRNewswire-PRWeb/ -- Spark+ Africa Fund ("Spark+" or the "Fund") has provided a 3-year, USD 2 million loan to Kenya-based Sumac Microfinance Bank ("Sumac"). Sumac is the second investment since the Fund launched in March 2022.

Key Points: 
  • Sumac Microfinance Bank is a fast-growing and profitable microfinance institution, with branches throughout Kenya that take deposits and provide consumer credit, including for clean cooking solutions.
  • LUXEMBOURG, Sept. 13, 2022 /PRNewswire-PRWeb/ -- Spark+ Africa Fund ("Spark+" or the "Fund") has provided a 3-year, USD 2 million loan to Kenya-based Sumac Microfinance Bank ("Sumac").
  • About clean cooking solutions: 900 million people in sub-Saharan Africa lack clean and modern energy for cooking.
  • http://www.moderncooking.org
    About Sumac Microfinance Bank: Sumac is a fully licensed bank regulated by the Central Bank of Kenya.

Ford Foundation Appoints Salih Booker to Lead International Cooperation Efforts

Retrieved on: 
Monday, October 18, 2021
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NEW YORK, Oct. 18, 2021 /PRNewswire/ -- Today the Ford Foundation announced it has appointed Salih Booker as its new Senior Program Officer for International Cooperation and Global Governance.

Key Points: 
  • NEW YORK, Oct. 18, 2021 /PRNewswire/ -- Today the Ford Foundation announced it has appointed Salih Booker as its new Senior Program Officer for International Cooperation and Global Governance.
  • "We need more skilled leaders to bring people together, not chip away at the widening gaps between us.
  • "Every day we face new challenges, and these challenges must be faced with cooperative, inclusive solutions that benefit all people," said Martin Abregu, Ford Foundation Vice President of International Programs.
  • "I am thrilled to return to the Ford Foundation to take the organization's global cooperation initiatives to the next level," said Salih Booker.