Spark+ Africa Fund
- Sector
- Other
- Type
- Private Credit Fund
- Geography
- Africa
- Amount
- $1,500,000
- Year
- 2022
The Spark+ Africa Fund is an impact Investment fund established by the Clean Cooking Alliance and Enabling Qapital to invest in companies throughout the clean cooking sector and value chain in Sub-Saharan Africa. The Fund’s focus includes companies that manufacture and distribute clean cooking solutions such as biomass stoves, advanced biomass fuels, LPG and ethanol, and biogas systems; and distributors and consumer finance providers such as off-grid solar companies and microfinance institutions that will extend their services to clean cooking products. The Fund will invest in debt instruments as well as equity and quasi-equity instruments, addressing the growth capital gap of cooking energy-focused SMEs.
