Kenyan climate-tech startup KOKO secures funding from RMB
- Kenyan climate-tech startup KOKO has raised funding from Rand Merchant Bank (RMB).
- KOKO replaces demand for charcoal by supplying bioethanol cooking fuel to over 1.1 million homes.
- RMB has made a direct investment to further propel KOKO's climate objectives.
The partnership between KOKO and RMB is a positive development for both companies and the climate-tech sector in Africa. KOKO's innovative solution to replace charcoal with bioethanol cooking fuel has the potential to make a significant impact in reducing carbon emissions. RMB's investment and support will help accelerate the expansion of KOKO's platform and bring affordable and clean energy to millions of people in Africa.
