Connect with us

Business

List of The 10 Nigerian Firms Secure $560,000 To Fight Extreme Heat

Published

on

Ten Nigerian firms have secured a combined $560,000 in funding under the inaugural cohort of the TECA Heat Action Wave programme aimed at accelerating solutions to extreme heat across the country.

The programme, launched by BFA Global, FSD Africa, ClimateWorks Foundation, and the United Kingdom’s Foreign, Commonwealth & Development Office, Nigeria, selected 10 early-stage ventures developing innovations to address the growing impact of rising temperatures on agriculture, healthcare, sanitation, energy systems, and food preservation.

According to a statement on Tuesday, the selected firms will each receive $56,000 alongside venture-acceleration support covering product development, business model design, investor readiness, and user validation.

The initiative comes amid growing concerns over the economic and health impact of extreme heat in Nigeria, where rising temperatures are worsening food spoilage, livestock losses, crop stress, and pressure on healthcare infrastructure.

According to the organisers, the ventures were selected from a competitive pool and reflect a growing climate innovation ecosystem spanning Lagos, Kaduna, and Edo States.

Among the selected firms are Ofemini Global Limited, which operates a heat-resilient logistics platform for transporting perishable farm produce; Agiletech Operations Consulting Limited, which provides hyperlocal climate and heat alerts to farmers and micro-entrepreneurs; and Emplaris, which develops predictive energy and heat-risk intelligence systems for hospitals.

Others include Doorcas Africa, which uses artificial intelligence to improve livestock health and reduce heat-related mortality; Farmxic, which offers AI-driven soil and crop diagnostics; and Let-It-Cold, which provides solar-powered cooling systems for preserving perishable goods during heatwaves and power outages.

Speaking on the initiative, TECA Director at BFA Global, Tyler Ferdinand, said extreme heat had become one of the biggest operational risks facing African economies despite limited investment in adaptation solutions.

“Extreme heat is rapidly becoming one of the biggest operational risks facing African economies, yet it remains dramatically underinvested.
Related News

Global leaders push for affordable housing, tackles urban challenges
Meristem Securities Limited Awards ₦26 Million to Climate-Focused Startups at the MORE Lagos Green Initiative Finale
Nigeria heads to global summit with 28m housing deficit, rising urban chaos

“Through TECA’s Heat Action Wave, we’re backing entrepreneurs building the tools, services, and financial products that will allow people, businesses, and cities to function in a hotter world. Our goal is not only to support these ventures but to prove that climate adaptation can become a powerful new investment frontier,” Ferdinand said.

The Director of Early Stage Finance at FSD Africa, Juliet Munro, said scaling climate adaptation finance on the continent would depend on practical and investable solutions.

“If climate adaptation finance is going to scale in Africa, it has to be grounded in real, investable solutions. This group of innovators tackling extreme heat is important because it shows what those solutions look like in practice, and that’s what gives markets the confidence to follow. At FSD Africa, our role is to help turn early innovation like this into something markets can actually back,” she said.

Also, the Senior Director of Adaptation and Resilience at ClimateWorks Foundation, Jessica Brown, noted that the economic cost of failing to address climate change was increasing globally.

“The cost of inaction on climate change is growing, as over 70 per cent of workers around the world are at risk from deadly extreme heat. At the same time, momentum for adaptation is growing, as we see both more funding and more innovation. These new business ventures are strong, community-led solutions that can accelerate resilience in Nigeria and more broadly in the West African region,” Brown said.

Also commenting, Temi Akinrinade of the UK Foreign, Commonwealth & Development Office, Nigeria, said the initiative aligned with broader efforts to support private sector-led climate innovation in Nigeria.

“Responding to climate change is central to Nigeria’s future growth and resilience. The UK is excited to support this cohort of ambitious Nigerian businesses developing transformative solutions to extreme heat. TECA’s Heat Action Wave is part of a broader UK partnership with Nigeria that backs private sector–led innovation, creates jobs, and drives shared prosperity for both our countries as we transition to a greener economy,” Akinrinade stated.

The programme is expected to run through 2026 and will culminate in demo days and investor engagement opportunities, with follow-on support planned for top-performing ventures.

Read The Full Story / Watch The Full Video

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Breaking News

Dangote Hosts Otedola, First HoldCo Executives At Refinery

Published

on

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, on Wednesday hosted the Chairman of First HoldCo Plc, Femi Otedola, alongside senior executives of the group at the Dangote Petroleum Refinery & Petrochemicals in Lagos.

According to a post issued on its verified X handle on Wednesday, the company said the visit to the refinery complex highlighted growing collaboration between key players in Africa’s industrial and financial sectors.

The post read, “More than a visit, the engagement reflects the growing alignment between Africa’s industrial and financial leadership around a shared belief that the continent’s future must be built on production, infrastructure, energy security, and long-term investment in African capacity.”

It added that the engagement reflected a shared commitment by African business leaders to promote industrialisation, production capacity and regional self-sufficiency.

So This Happened (EP 396) reviews: Ex-minister gets 75-year sentence
Related News

Dispatch rider feared dead in Lagos-Ibadan Expressway crash
Operators split as tank farms back local refining
AMVCA celebrates Africa’s new creative culture

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, addressing the Chairman of First HoldCo Plc, Femi Otedola, alongside senior executives of the group. Photo: X|Dangote group

It described the Dangote Petroleum Refinery and Petrochemicals project as one of the largest industrial investments on the continent and a major symbol of Africa’s growing industrial potential.

“As one of the largest industrial projects on the continent, the Dangote Petroleum Refinery & Petrochemicals stands as a symbol of what is possible when ambition is matched with execution at scale,” the statement said.

The company added that the refinery continues to attract strategic interest from institutions and business leaders committed to strengthening industrial growth and reshaping Africa’s economic future.

“It continues to attract strategic interest from institutions and business leaders committed to strengthening regional self-sufficiency, driving industrial growth and reshaping Africa’s economic future from within,” the statement added.
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, alongisde the Chairman of First HoldCo Plc, Femi Otedola, and senior executives of the group.

Olugbenga Ige

Olugbenga Ige is a journalist at Punch Newspapers with over nine years of professional reporting experience. He is known for his sharp eye for compelling stories and a strong instinct for identifying newsworthy developments. Over the years, Olugbenga has built a reputation for turning leads into clear, engaging, and well-structured reports that resonate with readers. His work reflects deep newsroom experience, editorial judgment, and a commitment to accurate, impactful journalism.

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: theeditor@punchng.com

Read The Full Story / Watch The Full Video

Continue Reading

Breaking News

Nigerian Ports Authority, NPA Reveals Nine Ships At Lagos Ports

Published

on

No fewer than nine vessels have berthed at the Lekki, Tin-Can Island, and Apapa ports in Lagos State, awaiting clearance to discharge petroleum products including Premium Motor Spirit (petrol), aviation fuel, diesel, gasoline, and bulk fertiliser.

This was contained in the Nigerian Ports Authority, NPA, publication, Shipping Position, which provides updates on maritime activities across the country’s seaports.

According to the report, the vessels form part of a larger schedule of maritime traffic expected to arrive at the Apapa, Lekki, and Tin-Can Island ports between May 15 and May 22.

The NPA further disclosed that about 35 additional ships carrying various categories of cargo are projected to berth within the period under review.

The incoming vessels are laden with a wide range of commodities, including buckwheat, containerised goods, fresh fish, crude oil, bulk wheat, petrol, base oil, frozen fish, bitumen, bulk sugar, bulk gypsum, bulk salt, gasoline, diesel, and other general cargo.

Read The Full Story / Watch The Full Video

Continue Reading

Trending