Transaction Summary
Private Infrastructure Development Group (PIDG), through its infrastructure investment vehicle, InfraCo Africa (InfraCo), and EDFI Management Company SA (EDFI) have committed a €4 million ($4.3 million) investment in Emerging Cooking Solutions Sweden AB (ECS), a Zambian-based social enterprise providing clean cooking solutions. Founded in 2012, ECS operates its flagship ‘SupaMoto’ brand, offering fuel-efficient stoves and biomass pellets, sold under a subscription-based utility model, as an alternative to charcoal. InfraCo contributed €2.5 million ($2.7 million), while EDFI, through ElectriFI Zambia, provided €1.5 million ($1.6 million) as a convertible loan in 2024. ElectriFI Zambia is a blended finance facility funded by the European Union, in partnership with the Zambian government. In February 2024, the EDFI Investment Committee approved up to €2 million in total financing, positioning ECS for an additional €500k in future capital deployment. The investment will support the expansion of pellet production at the company’s Ndola-based facility in Zambia’s Copperbelt
