Current Portfolio: First Bank Solar
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TNGA is acquiring a 12% stake in a Nigerian solar company established by the founder of one of the largest banks in Nigeria, First Bank
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The Company will provide rooftop solar panels and sell solar power to many of First Bank’s branches in Nigeria and also third -party clients
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The Company will have income from energy provision and carbon credits
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We estimate that in 2025, the Company’s first full year of operation, we will be able to generate $2 million in free cash flow, with that number expected to go up 5x over the next 5 years
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We believe the company can become the leader in solar energy provision in Nigeria with the potential for an IPO in 3 years
Current Portfolio: Amar Terrace
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TNGA has a 66% stake in Amar Terrace, a Singapore based climate adaptation solutions company
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Amar Terrace facilitates the sale of Japanese climate adaptation technology to ASEAN, the Middle East, Africa and Emerging Europe
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Climate adaptation solutions are urgently needed by many poor countries facing climate related disasters
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Amar Terrace has access to leading Japanese technology and finance along with relationships with key decision makers in emerging markets to facilitate such transactions
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We are already in negotiations with multiple countries to sell approximately $30 million of Japanese climate adaptation solutions
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We estimate that in 2024 we can generate a $3 million operating profit, growing it 4x over the next 3 years
