General News
ZOLA Electric Raises $90M from Leading Clean Energy Players

ZOLA Electric, the leading renewable energy technology company solving Energy Access and Energy Equality in emerging markets, announces the successful completion of a $90 million capital raise, comprised of $45 million of equity, $45 million of debt.

The equity element was led by several prominent investors including TotalEnergies Ventures – the venture capital arm of TotalEnergies SE, DBL Partners, Helios Investment Partners, Vulcan Capital, plus Lyndon and Pete Rive – the founders of SolarCity. In addition, Electron Capital Partners, a New York based public market clean energy investor is also supporting this capital raise. This is their first private equity investment.
The debt is being provided by some of the leading Energy Access lenders including FMO, the Dutch entrepreneurial development bank, and Sunfunder, a solar finance company providing debt capital to solar enterprises in emerging markets.
The size of the funding round, the calibre of the investors, and the backing by both private and public investors is testament to investor confidence in ZOLA’s Energy Access strategy, the company’s impact, and digital renewable energy as a new and growing asset class.
Proceeds will be used to develop next generation hardware and software technology, focused on bringing reliable, affordable and clean energy to Africa, Asia and Latin America.
ZOLA’s leading technology is bringing distributed, clean, digital energy solutions to those who lack reliable and affordable energy, commonly referred to as the Energy Access sector. ZOLA’s intelligent batteries are installed in homes and businesses, and are integrated into any energy source (grid, solar, battery, etc.) to power any load.
These solutions are managed by Vision, it’s SAAS software system, providing customers with data, analytics and control of their systems. ZOLA’s platform of intelligent batteries, monitored and managed by Vision, is the world’s first fully integrated, modular and intelligent platform purpose built for the Energy Access sector.
Today, ZOLA delivers energy to approximately 1.5 million users, across over 10 countries, predominantly in Africa but recently expanded to Asia and South America. Its products are distributed through leading integrators and developers including EDF, Shell, Econet/DPA and to emerging DRE (distributed renewable energy) integrators like Blue Camel in Nigeria.
In these markets, the lack of primary power results in the installation of millions of back-up solutions (diesel generators, lead acid batteries) that are poorly integrated, difficult to manage, unreliable, costly, dirty, and lack intelligence.
As a result, socio-economic development, healthcare and education is hindered. ZOLA’s objective is to drive energy access to the 2.2 billion people and hundreds of millions of businesses that currently lack it.
Bill Lenihan, Chief Executive Officer of ZOLA Electric, said: “We are beyond grateful and proud to close this $90 million funding round. Businesses are judged by the company they keep, and we are thrilled to have the backing of these leading energy operators and investors.
“The world needs energy access, energy equality, and it needs to be done in a way that protects our environment while supporting economic development. Digital renewable energy can help us accomplish these weighty objectives, and as a leading energy access technology company, this is what we intend to achieve.”
Edouard Bulteau, Principal at TotalEnergies Ventures, commented: “Energy is reinventing itself, and we need to find a path to a low-carbon future while meeting the energy needs of the society.
“Developing renewable energy solutions dedicated to emerging markets is key to reach this goal and represents a huge investment opportunity. This is why TotalEnergies Ventures is delighted to support ZOLA, a leading company in this area, in their latest fund raise.”
Nancy Pfund, Founder and Managing Partner at DBL Partners, said: “DBL’s mission has always been to drive top tier venture capital returns and positive social and environmental change.
“ZOLA embodies our mission in every way, and we are excited to see the company build the same success in clean energy in Africa and other emerging markets that we have had with clean energy investments in the United States. DBL firmly believes that access to clean, affordable, and reliable energy is a global movement, and the time is now.”
General News
Kuda Unlocks Instant Online Accounts for NGOs and Religious Bodies

Kuda has updated its business banking services to allow NGOs and incorporated trustees to open and manage business accounts entirely online. The move means religious organisations, charities, and other registered organisations no longer have to navigate the long wait and paperwork traditionally associated with setting up a business account.

Nosa Oyegun,
On the Kuda Business app, organisations registered with Nigeria’s Corporate Affairs Commission (CAC) can choose the NGO option during signup, submit their CAC documents, and provide trustee details. Once verified, accounts are activated within minutes, a significant reduction from the days or weeks it can take under traditional business banking processes.
For many NGOs and religious institutions, handling donations, grants, and operational expenses has long been slowed by manual systems and branch-based requirements.
The Kuda Business update is expected to make financial management faster and more transparent, allowing organisations to focus on their mission instead of battling administrative bottlenecks.
Nigeria is home to thousands of registered NGOs and religious organisations, with Lagos State alone accounting for over 10,000 churches and mosques as of the last count in 2021. Across the country, incorporated trustees play a critical role in education, healthcare, humanitarian response and community development. Despite their scale and economic relevance, access to modern digital banking tools has remained limited for many of these institutions.
Nosa Oyegun, SVP Business Banking at Kuda, said the update is proof of Kuda’s focus on removing structural barriers that slow Nigerian organisations down. “NGOs and religious organisations are responsible for managing funds that directly impact communities, yet they are often forced to operate with outdated banking processes,” he said.
“By enabling incorporated trustees to open Kuda Business accounts entirely online quickly, we’re giving these organisations access to the same modern financial tools built by Kuda that other businesses already use, so they spend less time doing admin work.”
With Kuda Business, NGOs and religious organisations can manage incoming donations and grants, make payments, track transactions in real time, generate professional account statements for audits and reporting, and grant controlled access to trustees, treasurers and administrators, all on a single app.
Kuda designed the account signup process to meet regulatory requirements while significantly reducing manual reviews and customer support workload. Automations shorten notoriously long business signup timelines while improving information accuracy and user experience.
As reforms promoting cashless payments and digital financial services take hold in Nigeria, NGOs and religious organisations are under increasing pressure from donors, partners and regulators to operate with greater financial transparency and efficiency.
The new Kuda Business update is therefore timely, offering a dedicated digital account specifically designed for this segment, unlike many traditional banks and fintech platforms that treat incorporated trustees as special cases requiring comparatively slower manual intervention.
General News
Catholic Bishops Urge FG to Give Tax Laws Human Face

Catholic Bishops of the Ibadan Ecclesiastical Province has called on the Federal Government to implement the ongoing tax reforms with equity, openness and empathy, cautioning that policies devoid of human consideration could further compound the suffering of millions of Nigerians.

The appeal was contained in a communiqué released after the bishops’ first provincial meeting for 2026, which took place at the Jubilee Conference Centre in Ibadan, Oyo State.
The document was jointly signed by Most Rev. Gabriel Abegunrin, chairman of the Ibadan Ecclesiastical Province, and Most Rev. John Oyejola, secretary.
Recall that the tax reforms were introduced by the administration of President Bola Tinubu and assented to on June 26, 2025.
They officially came into effect on January 1, 2026, and have continued to attract diverse reactions across the country.
In the communiqué, titled “Sustaining Hope and Strengthening Our Good Efforts,” the bishops acknowledged the government’s desire to overhaul Nigeria’s tax system but expressed concern that its implementation had sparked widespread unease and debate, especially among the poor and vulnerable.
“The reforms should be anchored on fairness, transparency and accountability, urging the government to apply them with compassion.
“The bishops also advised that vulnerable citizens should be given sufficient time to adapt to the new tax regime before strict enforcement measures are introduced.”
The clerics warned that economic policies pursued without sensitivity could widen inequality and heighten social unrest, noting that taxation should not become an added burden for Nigerians already grappling with inflation, unemployment, and rising costs of living.
The bishops encouraged Nigerians to remain hopeful while backing prayers with responsible citizenship, diligence and respect for justice and the rule of law.
“As shepherds of God’s people, we urge Nigerians to reject cynicism and despair. Prayer must be accompanied by good works. This is the only country we have,” the communiqué concluded.
General News
Taraba Adopts Electronic Case Management System
Taraba State in Nigeria has developed an electronic platform for filing criminal cases in the state’s High Courts, marking the implementation of the new National Case Management System.
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The launch, announced on Monday, marks a move from manual to electronic filing of criminal cases and is part of attempts to reform court processes and expand access to justice using technology.
Governor Agbu Kefas stated that the action underlines the government’s dedication to institutional strengthening, the rule of law, and effective governance.
Kefas pledged continued government support for the judiciary, noting that technology is essential for delivering swift, fair and transparent justice.
He also stated that the state would give the resources and infrastructure required to maintain the ongoing judicial reforms.
Justice Joel Agya, Chief Judge of Taraba State, stated that the e-filing facility will enable the electronic filing of originating processes and subsequent applications.
He explained that the system would enhance case tracking from filing to final determination while reducing delays caused by manual registry procedures.
Justice Agya went on to say that the platform would improve the security and accessibility of court records, as well as help judges manage dockets and time better.
He emphasised that the platform is intended to supplement rather than replace judicial decision-making, ensuring that administrative procedures do not impede the delivery of speedy justice.
The development is consistent with a broader national push to digitalise judicial processes across Nigerian courts, which has already been implemented in several regions.
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