Safaricom scaleup Circle Gas faces ‘severe but plausible’ funding crunch
Kenyan cooking gas investment continues to post substantial losses despite showing some fruit from a major restructure, with new funding required to ensure expansion plans can go ahead…
This article includes:
- Themes: Clean cooking; Compound annual growth (CAGR); Debt-to-equity conversion; Funding crunch; Internet of Things (IoT); Liquid petroleum gas (LPG); Low-cost energy; Operational efficiency; Research and development (R&D); Restructure; Smart metre; Strategic report; Turnover-related fee; Zero-growth scenario.
- People: Elena Lobodina; Peter Ndegwa; Volker Schultz.
- Geographic: China; Denmark; East Africa; Italy; Kenya; Sub-Saharan Africa; Tanzania.
- Organisations: Circle Gas; I&M Bank; International Energy Agency; Safaricom.
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