ETK launches Momentum, a new platform to boost business growth and climate readiness

ETK has launched Momentum, a new platform aimed at helping organizations improve their growth, manage climate risks, and strengthen their internal systems. The launch took place in Ikoyi, Lagos, and was done in partnership with the UK Foreign, Commonwealth & Development Office (FCDO) and the Aspen Network of Development Entrepreneurs (ANDE). Lagos is the first city to see this platform go live globally.

Organizations worldwide face new challenges in building their capacity. Many struggle with poor governance, weak financial systems, compliance issues, and increasing climate risks. These problems impact micro, small, and medium enterprises (MSMEs), larger companies, and investors alike, affecting their ability to succeed in the market and secure funding.

ETK created Momentum to tackle these issues head-on.

The platform offers a clear, data-based method for assessing organizational capacity in three main areas: Finance & Growth focuses on improving governance, financial systems, and readiness for investment. Trade & Market Access helps organizations enhance their operational maturity and compliance, while Climate Risk Management assists businesses in identifying and handling climate-related risks based on their operations. It helps them understand the risks' importance, find solutions, and improve climate risk governance.

By merging technology with a solid capacity framework, Momentum helps organizations measure their performance, find weaknesses, and create plans to build the systems needed for growth. This could mean entering new markets, securing funding, or dealing with climate risks.

At the launch in Lagos, Bolaji Sofoluwe MBE, the managing director of ETK, emphasized how the platform promotes sustainable growth in the private sector. She said, "At ETK, we believe resilience is the new competitive advantage. In a world shaped by global uncertainty, climate governance enables organizations to build capacity, manage risk and drive sustainable growth."

The Lagos launch is part of the ongoing UK-Nigeria partnership aimed at supporting private sector growth, enhancing market competitiveness, and promoting climate-friendly development. Through this collaboration, Momentum will help businesses create stronger systems, gain trust from lenders and investors, and engage better in global markets.

The launch also reflects a commitment from public, private, and development partners to improve business competitiveness and access to opportunities in emerging markets.

Mr. Jonny Baxter, the British Deputy High Commissioner, spoke at the launch about the need to strengthen business systems. He said, "The launch of Momentum reflects the strength of UK innovation in delivering practical solutions to global development challenges. Designed to support funders, development finance institutions, governments, and business support organizations worldwide, the platform brings a highly adaptable, multilingual capability to strengthening small and growing businesses. By linking technical assistance to measurable outcomes from access to finance and export readiness to climate resilience, Momentum demonstrates how UK-developed digital tools can drive sustainable economic growth and unlock the potential of SMEs in Nigeria and beyond."

Momentum’s launch is also backed by the Aspen Network of Development Entrepreneurs (ANDE), an organization focused on improving entrepreneurial ecosystems and supporting small and growing businesses. ANDE’s participation highlights the growing understanding that strong organizations are key to turning investments and support into real development results.

Karina Karunwi, the West Africa Regional Head of ANDE, said, "At ANDE, we know that building thriving small and growing businesses requires more than capital alone. Momentum brings a fresh, measurable perspective to access to finance and impact measurement, from insight to sustainable action, which is why we’re excited to collaborate on Momentum’s launch. The platform will strengthen the capacity of West African SMEs and the organizations that support them, helping unlock investment and accelerate sustainable growth across the region."

The Lagos launch is just the start of a global rollout, with more markets in Africa and other regions expected to follow.