January 19

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)

Energy, Environment
clean cooking, decarbonization