ColdHubs deploys solar cold storage to reduce food waste in Nigeria
What happened
ColdHubs is providing solar-powered cold rooms to small farmers in Nigeria to help preserve food. Nnaemeka Ikegwuonu conceived the business model, which utilizes a pay-as-you-store system where customers pay per crate of produce daily.
Why it matters
The technology addresses a significant issue in Nigeria, where previous seasons have seen harvest losses reach up to 50% of production. The solar-powered units help smallholder farmers, market runners, and food retailers preserve perishables in rural areas.
Kenya, Nigeria, Rwanda, Ethiopia, and the Netherlands are adopting solar cold storage to combat food spoilage issues.
Who's involved
- ColdHubsSolar-powered cold storage company operating in Nigeria
- Nnaemeka IkegwuonuEntrepreneur who conceived the business model for small farmers
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- NigeriaSpeculative
The deployment of cold chain logistics could improve agricultural supply chain stability in Nigeria by mitigating harvest losses.
Keep exploring
The entities involved
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ColdHubs
Solar-powered cold storage company
Nothing else this week.
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Nigeria
sovereign state in West Africa
- Minister Jumoke Oduwole delivered an address in Lagos detailing Nigeria's economic growth and administrative reforms.
- Macroeconomic issues in Nigeria are being discussed, including how Tinubu's policies affected debt revaluation, while Obasanjo reduced the national debt burden and Naira depreciation impacted external debt.