Post Slider 03

Editor's Choice

Femi Otedola Donates N3.7 Billion for Engineering Faculty at Augustine University
News

Femi Otedola Donates N3.7 Billion for Engineering Faculty

  • October 25, 2024
Forex Crisis Slows Nigeria’s AfCFTA Export Drive Despite $3.4 Trillion Market Opportunity
Forex Sectors

Forex Crisis Slows Nigeria’s AfCFTA Export Drive Despite

  • October 24, 2024
Sawari Ventures Launches $200M Fund to Boost Startups in Egypt, Kenya, and West Africa
Investors Venture Capital

Sawari Ventures Launches $200M Fund to Boost Startups

  • October 23, 2024
BasiGo Secures $42 Million to Drive Electric Bus Expansion in East Africa
Uncategorized

BasiGo Secures $42 Million to Drive Electric Bus

  • October 23, 2024
In a huge win for Nigeria's small business community, Earthbond, a local startup, just raised $200,000 in pre-seed funding. The company, founded in 2023 by Chidalu Onyenso, is on a mission to help small and medium-sized businesses (SMBs) transition to solar power — and with this new funding from Madica, an Africa-focused investment firm, they’re ready to help even more. Earthbond has already done a lot. They’ve assessed the solar power needs of over 100 businesses in Lagos alone, and with deals potentially worth $1 million in the works, the demand for solar power is clear. Even more impressive, over 1,800 SMBs have joined Earthbond’s waitlist, eager to make the switch as fuel prices continue to climb. A Simple Way to Switch to Solar So, how does Earthbond work? It’s pretty straightforward. Business owners simply need to fill out a form on the company’s website, providing basic information about their energy needs and operating hours. Earthbond then connects them with solar panel installers and offers flexible financing options. In fact, Earthbond has partnered with four microfinance banks to offer repayment plans of up to 48 months. That means small businesses can get the clean energy they need without the massive upfront costs. “Leading the charge of energy transition is no easy feat,” said Chidalu Onyenso, CEO of Earthbond, “and we’re glad to have investors like Madica who share our passion and vision.” Why Solar Matters for Small Businesses In Nigeria, small businesses face a major challenge: keeping the lights on. With unreliable power supplies and the high costs of diesel and petrol generators, many are struggling to keep operations running smoothly. Solar power is a clean, reliable alternative — but until now, the high installation costs have kept many businesses from adopting it. That’s where Earthbond comes in. By offering flexible payment options and connecting businesses with solar providers, they’re helping more and more companies make the switch to clean energy — without breaking the bank. Earthbond’s plans don’t stop there. The startup is also looking at ways to help businesses track their carbon emissions, with plans to offer discounts based on how much carbon they save. This could be a game changer, not only for the environment but for the businesses themselves, who can save money while going green. As Nigeria works towards increasing its solar capacity, Earthbond is entering a market already served by established players like Rensource Energy and M-KOPA. But with this new funding and a unique approach to financing, Earthbond is ready to make its mark. Madica, the investment firm behind the funding, is eager to help. “Earthbond has tremendous potential to drive an equitable clean energy future and positively impact Africa,” said Emmanuel Adegboye, head of Madica. For small business owners looking for a reliable, affordable alternative to diesel and petrol generators, Earthbond offers a way forward. Their flexible financing options and easy-to-use platform make it simple to figure out how much solar power your business needs — and how to get it, without the massive upfront cost.
Funding Startups

Earthbond Secures $200,000 in Funding to Support Nigerian

  • October 22, 2024
U.S. Attorneys Push for Gambaryan's Release. Is This A Test of Biden's Diplomacy?
Crypto News

U.S. Attorneys Push for Gambaryan’s Release. Is This

  • October 22, 2024
Trailblazers: Meet the First Females to Break Barriers in Africa and Beyond
Exclusive Features

TRAILBLAZERS: MEET THE FIRST FEMALES TO BREAK BARRIERS

  • October 22, 2024
TotalEnergies
Uncategorized

TotalEnergies

  • October 21, 2024
OmniRetail Acquires Traction Apps to Supercharge Payment and Trade Solutions for Nigerian SMEs
Business Fintech

OmniRetail Acquires Traction Apps to Supercharge Payment and

  • October 21, 2024
Moniepoint Supports STEM Growth with Cutting-Edge CAD/CAM Lab at Obafemi Awolowo University
Partnerships Technology

Moniepoint Supports STEM Growth with Cutting-Edge CAD/CAM Lab

  • October 21, 2024
Binance’s Bold Plan to Drive Crypto Adoption in Africa via Mobile Money
Crypto Technology

Binance’s Bold Plan to Drive Crypto Adoption in

  • October 21, 2024
FBN Holdings Proposes Rebranding to First Holdco Plc Ahead of 12th AGM
Partnerships Sectors

FBN Holdings Proposes Rebranding to First Holdco Plc

  • October 19, 2024
Why Togo Halted Yango’s Ride-Hailing Services Over Passenger Safety Concerns
News Sectors

Why Togo Halted Yango’s Ride-Hailing Services Over Passenger

  • October 19, 2024
AfDB Approves $100 Million for Nigeria’s Youth Entrepreneurship Investment Bank
African Entrepreneurship

AfDB Approves $100 Million for Nigeria’s Youth Entrepreneurship

  • October 19, 2024
Ghana's Aya Data Raises $900,000 Seed Round to Expand AI Solutions in Africa
AI Tech

Ghana’s Aya Data Raises $900,000 Seed Round to

  • October 19, 2024
Yellow Card Secures $33 Million in Series C Funding to Boost Expansion and Innovation
Fintech Funding

Yellow Card Secures $33 Million in Series C

  • October 18, 2024
IMF Approves $8 Billion Package to Support Low-Income Countries Amid Economic Challenges
Economy Finance

IMF Approves $8 Billion Package to Support Low-Income

  • October 18, 2024
Nairobi's Sistema.bio Secures $15M to Expand Clean Energy for Farmers
Energy Funding

Nairobi’s Sistema.bio Secures $15M to Expand Clean Energy

  • October 17, 2024
In a huge win for Nigeria's small business community, Earthbond, a local startup, just raised $200,000 in pre-seed funding. The company, founded in 2023 by Chidalu Onyenso, is on a mission to help small and medium-sized businesses (SMBs) transition to solar power — and with this new funding from Madica, an Africa-focused investment firm, they’re ready to help even more. Earthbond has already done a lot. They’ve assessed the solar power needs of over 100 businesses in Lagos alone, and with deals potentially worth $1 million in the works, the demand for solar power is clear. Even more impressive, over 1,800 SMBs have joined Earthbond’s waitlist, eager to make the switch as fuel prices continue to climb. A Simple Way to Switch to Solar So, how does Earthbond work? It’s pretty straightforward. Business owners simply need to fill out a form on the company’s website, providing basic information about their energy needs and operating hours. Earthbond then connects them with solar panel installers and offers flexible financing options. In fact, Earthbond has partnered with four microfinance banks to offer repayment plans of up to 48 months. That means small businesses can get the clean energy they need without the massive upfront costs. “Leading the charge of energy transition is no easy feat,” said Chidalu Onyenso, CEO of Earthbond, “and we’re glad to have investors like Madica who share our passion and vision.” Why Solar Matters for Small Businesses In Nigeria, small businesses face a major challenge: keeping the lights on. With unreliable power supplies and the high costs of diesel and petrol generators, many are struggling to keep operations running smoothly. Solar power is a clean, reliable alternative — but until now, the high installation costs have kept many businesses from adopting it. That’s where Earthbond comes in. By offering flexible payment options and connecting businesses with solar providers, they’re helping more and more companies make the switch to clean energy — without breaking the bank. Earthbond’s plans don’t stop there. The startup is also looking at ways to help businesses track their carbon emissions, with plans to offer discounts based on how much carbon they save. This could be a game changer, not only for the environment but for the businesses themselves, who can save money while going green. As Nigeria works towards increasing its solar capacity, Earthbond is entering a market already served by established players like Rensource Energy and M-KOPA. But with this new funding and a unique approach to financing, Earthbond is ready to make its mark. Madica, the investment firm behind the funding, is eager to help. “Earthbond has tremendous potential to drive an equitable clean energy future and positively impact Africa,” said Emmanuel Adegboye, head of Madica. For small business owners looking for a reliable, affordable alternative to diesel and petrol generators, Earthbond offers a way forward. Their flexible financing options and easy-to-use platform make it simple to figure out how much solar power your business needs — and how to get it, without the massive upfront cost.
Economy Energy

Terra Firma’s R1.3 Billion Solar Project to Cut

  • October 17, 2024
Zimbabwe Launches Online System to Streamline Immigration Procedures with E-Gates
Aviation Sectors

Zimbabwe Launches Online System to Streamline Immigration Procedures

  • October 17, 2024
Jumia is Closing Zando! What This Means for Africa’s Biggest E-commerce Giant
E-Commerce News

Jumia is Closing Zando! What This Means for

  • October 16, 2024
Lagos Tech Ecosystem Surges Past $9 Billion, Sets New Benchmark for Africa’s Innovation Growth
Tech

Lagos Tech Ecosystem Surges Past $9 Billion, Sets

  • October 16, 2024
KRA Moves to Tax Kenya's Growing $18.6 Billion Crypto Market 
Crypto Market

KRA Moves to Tax Kenya’s Growing $18.6 Billion

  • October 16, 2024
THE NIGERIAN BANKING AMAZONS: THE FEMALE CEOs
Banking Finance

THE NIGERIAN BANKING AMAZONS: THE FEMALE CEOs

  • October 15, 2024
WellPal Expands to Saudi Arabia, Secures Investment for Growth
E-Commerce Funding

WellPal Expands to Saudi Arabia, Secures Investment for

  • October 15, 2024
URA Demands Shs 260 Billion from MTN Uganda in Unpaid Taxes
Finance News

URA Demands Shs 260 Billion from MTN Uganda

  • October 15, 2024
Kora Unveils ₦200 Million Endowment Fund to Propel Educational Opportunities at Covenant University
Finance Sectors

Kora Unveils ₦200 Million Endowment Fund to Propel

  • October 15, 2024
X