A Nigerian startup that manufactures solar refrigerators aimed at small retail shops, promoting sustainable energy solutions.
Nigeria’s next big tech exits may emerge from climate infrastructure
Nigeria's generator market is projected to reach $806.8 million by 2030 due to increasing demand for backup power. Solar-powered refrigeration companies are providing reliable storage for food and medicines in off-grid communities.
Acumen’s new $90 million Kawisafi fund to back African climate-tech startups
Acumen's KawiSafi fund has secured $90 million in approved capital for climate solutions in Africa. The fund will support companies providing clean power, sustainable transport, and affordable cooking alternatives.
Guinness Nigeria and Major Brands Invest in Startups to Tap Africa’s Informal Retail Market
Guinness Nigeria Plc is collaborating with startups to penetrate Africa's informal retail market. Flour Mills of Nigeria Plc invested in OmniRetail, which connects manufacturers with over 150,000 small retail stores.
Solar cooling startup Koolboks raises $11 million to expand across Africa
Koolboks raised $11 million in Series A funding to expand its cooling-as-a-service business across Africa. The funding will support the establishment of a local assembly plant in Nigeria within the next 12–18 months.
