Kenyan Climate-Tech Startup KOKO Secures Funding from Rand Merchant Bank
By Tom Jackson
KOKO replaces demand for charcoal through supplying over 1.1 million homes with bioethanol cooking fuel distributed through a dense network of high-tech KOKO Fuel ATMs located in thousands of corner stores across urban Kenya.
The resultant carbon revenues are shared with households as a non-government energy subsidy, enabling even the poorest households to switch.
Photo courtesy Pruthvi Sagar A R.
Source: Disrupt Africa (link opens in a new window)
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