Transaction

TLG Capital invests in Koolboks' operations in Nigeria

Announced

3 November 2026

Target

Koolboks Limited

Value

Undisclosed

Asset class

Private Credit

Type

Debt Financing

Instrument

Private Capital (Debt), Guarantee

Lead investors

TLG Capital Investments Ltd

Investors

TLG Capital Investments Ltd, Cascador Entrepreneurial & Leadership Initiative Ltd/Gte, Morgan Stanley

Sector

Agriculture and food / Household Appliances, Cold Storage

Markets

Nigeria, Uganda, Kenya

About the target

Koolboks is a Nigerian-based company that specialises in providing solar-powered refrigeration solutions designed to address energy challenges in off-grid and underserved communities across Africa. Founded in 2019, Koolboks offers innovative cooling products that can be powered by both solar energy and electricity, making them highly adaptable to regions with inconsistent power supply. Their products are particularly beneficial for preserving food, medicine, and other perishable goods, helping to reduce waste and improve livelihoods in rural areas. By combining affordability with sustainability, Koolboks is contributing to the development of clean energy solutions that promote economic growth and enhance quality of life in Africa.