ETK launches Momentum platform in Lagos to help businesses assess capacity, climate risk

A Lagos-based tech company has launched a platform that promises to help businesses figure out where they're weak — and what to do about it.

ETK, a UK-Nigerian firm, unveiled Momentum on Wednesday in Ikoyi, Lagos. The platform is designed to assess organisational capacity across three areas: finance and growth, trade and market access, and climate risk management.

The launch was done in partnership with the UK Foreign, Commonwealth & Development Office (FCDO) and the Aspen Network of Development Entrepreneurs (ANDE). Lagos is the first market in what ETK says will be a phased global rollout.

Bolaji Sofoluwe MBE, managing director of ETK, said at the event: "At ETK, we believe resilience is the new competitive advantage. In a world shaped by global uncertainty, climate governance enables organisations to build capacity, manage risk and drive sustainable growth."

Momentum works by giving organisations a structured, data-driven way to benchmark their performance. It helps them identify gaps in governance, financial systems, compliance, and climate readiness — then develop transformation plans.

"The launch of Momentum reflects the strength of UK innovation in delivering practical solutions to global development challenges," said Jonny Baxter, British Deputy High Commissioner.

Baxter added that the platform is designed for funders, development finance institutions, governments, and business support organisations worldwide. It's multilingual and can be adapted to different markets.

The platform's climate risk pillar is particularly timely. It helps businesses identify climate-related risks based on where they operate, determine how serious those risks are, find adaptive responses, and fix gaps in climate risk governance.

Sofoluwe said stronger internal systems are becoming essential for businesses to access finance, enter new markets, and stay stable in uncertain times.

Karina Karunwi, West Africa Regional Head of ANDE, said Momentum brings a "fresh, measurable perspective" to access to finance and impact measurement. "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," she said.

ETK was founded by Bolaji Sofoluwe, who was awarded an MBE in 2022 for services to international trade and investment. The company has worked with development organisations and governments across Africa and the UK.

The Lagos activation is the first step in a global rollout. ETK plans to launch Momentum in additional markets, though it hasn't announced which countries are next.