Nigeria’s solar import ban threatens growth of solar financing startups
The Nigerian government intends to prohibit the importation of solar panels to boost local manufacturing. This initiative aligns with Presidential Executive Order No. 5, which emphasizes local content in technology sectors.
Madica invests $200,000 in Nigerian clean energy startup Earthbond
Earthbond secured $200,000 in pre-seed funding from Madica. The startup assessed solar power needs for over 100 businesses in Lagos.
Nigeria’s Cleantech Earthbond Raises Pre-Seed Funding
Earthbond raises undisclosed pre-seed funding from Madica. Madica is affiliated with Flourish Ventures.
Madica backs Nigerian clean energy startup Earthbond with $200,000
Earthbond raised $200,000 in pre-seed funding from Madica. Over 1,800 SMBs have joined Earthbond’s waitlist.
Madica Invests In Nigerian Climate Tech Startup Earthbond
Madica invests in Earthbond, a climate tech startup. Earthbond provides affordable solar energy solutions for Nigerian SMEs.
