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Meet founders of PUTTRU who are digitally connecting DFIs and African energy market

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PUTTRU founders
PUTTRU founders; Monica Maduekwe and Franck Adjagba

PUTTRU, a Nigerian technology company, has initiated a digital interface to connect Development Financial Institutions (DFIs) and the African energy market, as TechEconomy.ng reported on Tuesday.

The company took the bold step as African countries, especially Nigeria continue to work towards bridging the energy gaps of today and the future.

In the report, we pointed out that not having access to the fundamental financial instrument is the main factor that stops many people from realizing certain everyday functions.

However, decentralized finance (DeFi) was created to meet all the requirements and demands of traditional banking — security, privacy, and accessibility — in a new way.

PUTTRU released a report: ‘3 Must-Haves For Energy Projects To Attract Investment in Africa’, which can be downloaded for free HERE

Who are those behind the innovation at PUTTRU?

Founders of PUTTRU –

Monica Maduekwe

Educated at University of Dundee, she is a sustainable energy specialist with vast experience in renewable energy, energy efficiency; gender mainstreaming, resource mobilisation and project development, buoyed by working as programme officer at the ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE) for close to 10 years.

At ECREEE, she developed the ECREEE Resource Mobilisation Strategy, with a fund mobilisation target of USD654 Million, as well as several technical projects to mobilise funding for ECREEE and the private sector, including female entrepreneurs.

These include: the Climate Technology Centre and Network (CTCN) supported project that provided technical assistance for West African women entrepreneurs seeking investment of up to USD 50 Million and the USD 1 Million African Development Bank (AfDB) supported project which seeks to produce a pipeline of investment-ready women-led energy projects through feasibility studies amongst others.

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Franck Adjagba:

As the Group Director of Business Development of the African Guarantee Fund for Small and Medium-sized Enterprises (AGF), Franck Adjagba has earned extensive expertise in business development, strategic planning and profit maximization, with over 20-years long proven track record, spawning over USD 2 billion worth of financing for Africa’s private sector.

He has gained a strong understanding of assets and small and medium sized enterprises financing across markets in West, Central, North, East and Southern Africa.

A Beninese, Franck, holds a Master’s degree in Marketing & Management from the Institut Supérieur Européen de Gestion (France), a Master’s degree in E-business & Strategy from Grenoble Graduate School of Business (France) and a FinTech Certificate from Said Business School, University of Oxford.

PUTTRU’s Advisor:

Dr. Sam Amadi:

A former Chairman of the Nigerian Electricity Regulatory Commission (NERC), Amadi has chaired several Senate and Presidential Technical Committees in Nigeria. He was once a special adviser to the President of the Nigerian Senate and holds a doctoral degree in Law from Harvard, LLM from Harvard Law School and MPA from Harvard’s Kennedy School of Government.

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