Farai Seseko
Executive Director & Fund Lead, AfricaGoGreen Fund/Lion’s Head Global Partners
Farai Sekeso is an Executive Director at Lion’s Head Global Partners and leads the AfricaGoGreen Fund whose mandate is to invest in energy efficiency & renewable energy opportunities in Africa. While with AGG, Farai has worked on a number of clean cooking projects including an investment in a pan-African solar home system player that has branched into clean cooking. Prior to joining Lion’s Head, Farai worked for Fieldstone Private Capital Group as a Director based in London where he was responsible for the origination and execution of investment banking and advisory mandates in energy and infrastructure across Africa. He has investment management experience having worked for an Africa focused investment manager that invested equity and mezzanine capital in infrastructure & related assets. Farai holds an MBA from ESADE Business School and is a Chartered Accountant.
Day 0
October 10
Sessions by Farai Seseko
Day 1
October 11
Sessions by Farai Seseko
Day 2
October 12
Sessions by Farai Seseko
11:00 am-12:00 pm
Breakout Room C
Unit Economics of Cooking Solutions: Understanding Critical Cost Drivers for Clean Cooking Business Models
Results-based financing (RBF), particularly through the growth of climate finance and carbon credits, was identified as one of the most promising opportunities of the upcoming decade. While exciting progress has been made to advance RBF for clean cooking in recent years, the value of clean cooking must be better articulated, transaction costs reduced, and participating actors supported for the sector to capitalize on this opportunity. Understanding clean cooking company revenues and costs for each unit of production, i.e., unit economics, is essential for RBF program developers as they determine demand and supply side subsidy levels. In turn, well-structured demand and supply side subsidies will enable existing providers to reach operational viability and commercial sustainability quicker. This improves the overall attractiveness of clean cooking markets for commercial investors and financial markets.
This session will present early findings from recent unit economics research and associated tools, focusing on insights into key drivers of company costs and profitability and recommendations on how best to sequence different capital stacks for each context and business model. This will be followed by a panel discussion reflecting on how the study and tool impact the panelists’ own work.
Speakers
Ed Day
Director, Greencroft Economics
Ada Marmion
Director - Partnerships, Knowledge, and Impact, AECF
Rocio Perez Ochoa
Co-Founder & Director, Bidhaa Sasa
Farai Seseko
Executive Director & Fund Lead, AfricaGoGreen Fund/Lion’s Head Global Partners
Susann Stritzke
Senior Research Associate, Modern Energy Cooking Services
Vincent Wierda
IDE Energy Lead, UNCDF
Day 3
October 13
Sessions by Farai Seseko
Day 4
October 14
Sessions by Farai Seseko
Sessions by Farai Seseko
Sessions by Farai Seseko
Sessions by Farai Seseko
11:00 am-12:00 pm
Breakout Room C
Unit Economics of Cooking Solutions: Understanding Critical Cost Drivers for Clean Cooking Business Models
Results-based financing (RBF), particularly through the growth of climate finance and carbon credits, was identified as one of the most promising opportunities of the upcoming decade. While exciting progress has been made to advance RBF for clean cooking in recent years, the value of clean cooking must be better articulated, transaction costs reduced, and participating actors supported for the sector to capitalize on this opportunity. Understanding clean cooking company revenues and costs for each unit of production, i.e., unit economics, is essential for RBF program developers as they determine demand and supply side subsidy levels. In turn, well-structured demand and supply side subsidies will enable existing providers to reach operational viability and commercial sustainability quicker. This improves the overall attractiveness of clean cooking markets for commercial investors and financial markets.
This session will present early findings from recent unit economics research and associated tools, focusing on insights into key drivers of company costs and profitability and recommendations on how best to sequence different capital stacks for each context and business model. This will be followed by a panel discussion reflecting on how the study and tool impact the panelists’ own work.
Speakers
Ed Day
Director, Greencroft Economics
Ada Marmion
Director - Partnerships, Knowledge, and Impact, AECF
Rocio Perez Ochoa
Co-Founder & Director, Bidhaa Sasa
Farai Seseko
Executive Director & Fund Lead, AfricaGoGreen Fund/Lion’s Head Global Partners
Susann Stritzke
Senior Research Associate, Modern Energy Cooking Services
Vincent Wierda
IDE Energy Lead, UNCDF