The International Finance Corporation (IFC) and the African digital logistics platform Kobo360 recently launched a call for proposals for the provision of sustainable cooling solutions in Nigeria as part of the TechEmerge Temperature-Controlled Logistics programme. Interested companies have until 31 January 2021 to submit their applications.
The International Finance Corporation (IFC) and the African digital logistics platform Kobo360 want to introduce sustainable cooling solutions in Nigeria. The aim is to address the challenges of food waste, support the health sector and reduce electricity consumption nationwide. On December 8th, 2020, the two institutions launched an international call for projects for the supply of these cooling solutions in Nigeria. “The equipment will have to be temperature-controlled (TCL) and climate-smart,” says the IFC.
The call for expressions of interest is within the framework of the TechEmerge Temperature-Controlled Logistics Nigeria programme implemented by the IFC. The World Bank’s private sector financing arm is implementing the programme in partnership with the UK Department of Trade, Energy and Industry Strategy (BEIS) and Kobo.360 “Sustainable cooling technologies represent a fast-growing business opportunity, particularly important for emerging markets. The selected entrepreneurs will deliver their solutions in Nigeria, and more broadly in Africa,” says William Sonneborn, IFC’s Senior Director of Technology and Disruption Funds.
The companies have until January 31st, 2021 to come forward. “The TechEmerge Sustainable Cooling programme will provide market access and a pool of up to $1 million to top innovators, paired with leading Nigerian companies, to jointly pilot sustainable solutions that reduce cold chain losses, increase access to LCT-dependent products and markets, and build business partnerships,” says the IFC. The financial institution will also work with a group of experts to support selected companies to mitigate financial and operational risks in bringing their innovations to the Nigerian market.