Key Takeaways
- • All On, a Shell-seeded Nigerian impact investor, deployed $1 million into Eja-Ice Nigeria Limited, a solar-powered refrigeration and cold-chain infrastructure provider, to accelerate manufacturing and operational scaling in off-grid markets.
- • The investment targets a critical infrastructure gap in Nigeria's cold-chain sector, valued at N160 billion (approximately $1.1 billion USD) in 2023, with businesses adopting cold-chain solutions already reporting profit increases exceeding 23%.
- • Eja-Ice's integrated solar-powered model addresses post-harvest losses and income instability for small-scale agro-producers, cooperatives, and micro-enterprises in coastal and rural communities with limited reliable electricity access.
- • All On has deployed $1.5 billion across Nigeria since 2013 in capacity expansion and supply-chain infrastructure transformation, positioning this investment as part of a broader renewable energy and livelihoods strategy in underserved markets.
Summary
All On, an impact investing firm seeded by Shell and focused on renewable energy access solutions across Nigeria, announced a $1 million equity investment in Eja-Ice Nigeria Limited, a manufacturer of solar-powered refrigeration and cold-chain infrastructure systems. The capital injection will support Eja-Ice's transition to the next growth phase, enabling manufacturing scale-up and operational expansion across Nigeria's off-grid and weak-grid environments where dependable cold storage remains severely constrained.
The timing of this investment reflects both market opportunity and operational necessity. Nigeria's cold-chain sector represents a N160 billion market opportunity (valued in 2023), with significant unmet demand in rural and coastal communities where post-harvest losses of perishable goods remain endemic among small-scale agricultural producers. According to available data, businesses that have already adopted cold-chain solutions in Nigeria have achieved profit increases exceeding 23%, demonstrating clear financial returns alongside the social impact thesis. Access to reliable cooling infrastructure remains a critical constraint for households, small businesses, cooperatives, and institutions operating in energy-constrained environments.
Eja-Ice's business model centers on integrated, energy-efficient refrigeration systems tailored specifically for underserved markets. By leveraging solar power, the company eliminates dependency on unreliable grid electricity while reducing operational costs for end-users. The platform is already supporting micro-enterprises and community-level infrastructure initiatives in areas where electricity access remains limited or intermittent.
Caroline Eboumbou, CEO of All On, stated that the investment reflects the firm's strategic approach of "supporting solutions that improve energy access while enhancing livelihoods, reducing costs, and enabling businesses to grow." All On's track record since 2013 includes $1.5 billion deployed across Nigeria in capacity expansion and supply-chain infrastructure modernization, positioning this Eja-Ice allocation within a broader institutional commitment to building resilient local economies and strengthening value chains in underserved markets.
The timing of this investment reflects both market opportunity and operational necessity. Nigeria's cold-chain sector represents a N160 billion market opportunity (valued in 2023), with significant unmet demand in rural and coastal communities where post-harvest losses of perishable goods remain endemic among small-scale agricultural producers. According to available data, businesses that have already adopted cold-chain solutions in Nigeria have achieved profit increases exceeding 23%, demonstrating clear financial returns alongside the social impact thesis. Access to reliable cooling infrastructure remains a critical constraint for households, small businesses, cooperatives, and institutions operating in energy-constrained environments.
Eja-Ice's business model centers on integrated, energy-efficient refrigeration systems tailored specifically for underserved markets. By leveraging solar power, the company eliminates dependency on unreliable grid electricity while reducing operational costs for end-users. The platform is already supporting micro-enterprises and community-level infrastructure initiatives in areas where electricity access remains limited or intermittent.
Caroline Eboumbou, CEO of All On, stated that the investment reflects the firm's strategic approach of "supporting solutions that improve energy access while enhancing livelihoods, reducing costs, and enabling businesses to grow." All On's track record since 2013 includes $1.5 billion deployed across Nigeria in capacity expansion and supply-chain infrastructure modernization, positioning this Eja-Ice allocation within a broader institutional commitment to building resilient local economies and strengthening value chains in underserved markets.
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