May 26

Community Carbon to Invest $20 Million in Clean Cooking and Drinking Water

By Jean Marie Takouleu

Community Carbon, the UpEnergy Group’s initiative, has received a $20 million funding commitment. The funding will be phased in by Carbon Streaming Corporation to support access to clean cooking and drinking water in Eastern and Southern Africa.

A new initiative is being launched to improve access to clean cooking and drinking water in sub-Saharan Africa. The project is led by Community Carbon, an environmental services company based in Maputo, Mozambique. Focusing on Eastern and Southern Africa, the initiative will benefit from $20 million in funding recently pledged by Carbon Streaming Corporation, a financial services company with a focus on sustainable development.

The funding from Carbon Streaming Corporation will be allocated in several tranches, the first of which is $6.5 million. The remaining $13.5 million in funding will be paid out as Community Carbon’s projects are implemented.

Source: Afrik 21 (link opens in a new window)

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