ColdHubs Ltd: A Company That Provides Solar-Powered Cold Storage For Small Scale Farmers, Meet Nnaemeka Ikegwuonu, CEO Of ColdHubs

Pay-as-you-go cold storage: Businessman wants to expand beyond Nigeria

ColdHubs was founded by Nnaemeka Ikegwuonu,
in 2015 in Owerri, in Imo State, Nigeria. The main objective was to provide an option for farmers and merchants who lost income as a result of the spoilage of fresh produce due to a lack of cold storage facilities.

Each 3m2 cooling unit can hold three tonnes of food, with customers renting 20kg capacity crates to store their products at the hubs that are available all day, every day.

In 2017, two years after starting operations, the company ran 25 cold hubs in three states of Nigeria with a team of just seven. Today, it has 54 hubs in 22 states, with a total staff of 68. According to Ikegwuonu, it will have an additional 18 hubs switched on before the end of the year, with staff likely increasing to 85.

In 2021, the company reported it had been able to store 50,700 tonnes of food that could, otherwise, have gone to waste. For this year, it hopes to reach 150,000 tonnes.

Source: How Made It In Africa

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