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Get to know Modern Cooking Facility for Africa

The Modern Cooking Facility for Africa (MCFA) is a multi-donor program established and managed by Nefco, the Nordic Green Bank. Launched in 2021, its mission is to accelerate the transition from polluting, traditional cooking methods (like charcoal and kerosene) to higher-tier, modern solutions such as electric, biogas, and bioethanol cookstoves. By providing results-based financing and catalytic grants, MCFA incentivizes private companies to establish and scale up their operations, making clean cooking solutions more accessible and affordable for millions of people in its target countries. The program aims to improve health outcomes, reduce environmental degradation, and promote gender equality.

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Modern Cooking Facility for Africa

Finland

Founded in

2022 (4 Years)

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

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From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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