Project A - Operates in Nigeria's inland water transport sector through a special purpose vehicle (SPV). Plans to operate 8 large 200-passenger ferries and 13 smaller 100-passenger river ferries. Total project cost is $27.75 million, with $2.75 million already invested.
Project B - Established in 1959, located on Warri River. Plans to expand marine logistics and shipbuilding operations. The project involves acquiring a 5,000-ton capacity floating dock, constructing a 2,500-ton capacity slipway, and modernizing workshops.
Project C - Established in 2013, providing affordable solar home systems (SHS). Targeting 10 million customers by 2034, focusing on urban residential and SME customers. Achieved over $6 million in cumulative profits (2021-2023) with a projection of $42 million by 2024.
Project D - Offers IoT-driven energy solutions, including "Stroom" smart energy storage and "Lit" energy-efficient lighting. Addresses Nigeria's off-grid market, with over 92 million people lacking reliable power. Seizes a $10 billion annual revenue opportunity.
Project E - High-growth energy company providing clean energy solutions to off-grid communities. Sold over 200,000 solar home systems, generating $15 million in revenue last fiscal year. Projects as 25% annual growth rate over the next five years.
INVESTORS
Bart Coenegrachts
Senior Investment Officer
EDFI Management Company
Chuka Madubunyi
Investment Executive
British International Investment
Augustine Langyintuo
IFC
Senior Agribusiness Specialist
Odiri Oginni
CEO,
United Capital Asset Management
Chimdi Onwudiegwu
Associate Partner
Dalberg
Nneka Eze
Managing Director
VestedWorld
Victor Tumwenturaho
Investment Officer
FMO
Babajide Saba
Vice President
Chapel Hill Denham
Toni Sanni
Head of Corporate Finance
Emerging Africa
Wilfred Kosaga
Managing Director
ARM