All On Invests $1M in Eja-Ice Nigeria to Strengthen Cold-chain Infrastructure
Summarized and contextualized by DistantNews.
At a glance
- All On, an impact investing company, has invested $1 million in Eja-Ice Nigeria Limited.
- Eja-Ice Nigeria provides solar-powered cold-chain solutions.
- The investment aims to expand access to renewable energy and improve cold-chain infrastructure in Nigeria.
All On, an impact investing firm dedicated to increasing access to renewable energy in Nigeria, has announced a significant $1 million investment in Eja-Ice Nigeria Limited. This funding is poised to bolster Eja-Ice's capacity as a provider of solar-powered cold-chain solutions.
The investment underscores a commitment to strengthening Nigeria's infrastructure for preserving goods, particularly perishable items, through sustainable energy. Eja-Ice's innovative approach utilizes solar power, offering an environmentally friendly alternative to traditional energy sources that are often unreliable or costly.
By supporting Eja-Ice, All On aims to enhance the reliability and reach of cold-chain services across Nigeria. This development is expected to have a positive impact on various sectors, including agriculture and healthcare, by reducing spoilage and improving the distribution of essential products. The partnership signifies a crucial step towards a more robust and sustainable energy future for the nation.
Originally published by ThisDay. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.