News Industry

Spark+ Africa Lends $1 Million to Expand Clean Cooking Loans in Ghana

Spark+ Africa Lends $1 Million to Expand Clean Cooking Loans in Ghana
Wednesday, 21 January 2026 17:21
  • Spark+ Africa Fund provides $1 million loan to VisionFund Ghana

  • Funds support rollout of clean cooking loans, starting with improved stoves

  • Deal targets clean cooking access gap across sub-Saharan Africa

Spark+ Africa Fund, an impact investment fund managed by Enabling Qapital, said on Wednesday it had provided a $1 million, 24-month debt facility to VisionFund Ghana to support the rollout of clean cooking solutions in the country.

VisionFund Ghana said it will use the funds to build a clean-cooking loan portfolio. It launched a pilot project in June 2025, initially financing improved biomass stoves supplied by local partners, and may later expand to liquefied petroleum gas (LPG) and electric stoves. The programme will start in four branches before expanding nationwide.

Partnering with Spark+ to secure funding to support our clean cooking portfolio is a very strategic step towards ensuring that children, who are the main focus of our interventions, live in households that adopt clean cooking solutions for their daily nourishment while also contributing to the sustainability of the environment for their future benefit,” said Frank Alornu, CEO of VisionFund Ghana.

The transaction is part of a series of recent Spark+ financings aimed at supporting clean cooking in Africa. In November 2025, the fund provided $6.4 million to Baobab Group Côte d’Ivoire to extend loans for LPG and other clean cooking solutions. In August 2025, Henos Energy received $1.23 million to strengthen LPG distribution in Ghana. Spark+ has also supported a project with Envirofit linked to carbon credits from improved stoves and provided $3 million to Altech Group in the Democratic Republic of Congo to expand local production of improved stoves.

About 900 million people in sub-Saharan Africa still lack access to clean cooking solutions, estimates show, making it one of the region’s biggest energy challenges alongside access to electricity.

Abdoullah Diop

On the same topic
Spark+ Africa Fund provides $1 million loan to VisionFund Ghana Funds support rollout of clean cooking loans, starting with improved...
Gold exports rose 75.8% to $5.8 billion over the past 12 months Coffee exports hit a record $2.4 billion in the first 10 months of...
Civette-1X encountered hydrocarbons but volumes fell below economic thresholds Results confirm an active petroleum system in offshore block...
Sovereign Metals recovers rare earth–bearing monazite at the Kasiya site Tests show high-grade heavy rare earth content alongside rutile...
Most Read
01

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
02

Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...

Microfinance: Deposits in Togo Rise 2.7% in Second Quarter of 2025
03

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
04

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
05

Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...

Tether and UNODC Launch Digital Asset Cybersecurity Initiative in Africa
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.