ETK announces global launch of Momentum, technology enabled platform strengthening organisational capacity, competitiveness, climate resilience

ETK has officially launched its new platform called Momentum, a technology-driven solution aimed at enhancing organisational capacity, competitiveness, and climate resilience. This global initiative was unveiled during an exclusive event in Lagos, Nigeria, where ETK partnered with the UK Foreign, Commonwealth & Development Office (FCDO) and the Aspen Network of Development Entrepreneurs (ANDE). The choice of Lagos as the inaugural location underscores the city's significance as a hub for business innovation and its strategic position within Africa's economic landscape.

The announcement comes amid growing concerns about the increasing complexity of organisational challenges faced by businesses across the globe. These include weak governance structures, inadequate financial management systems, compliance issues, and the escalating threat of climate-related risks. Such factors are now influencing business performance, market access, and operational stability, affecting micro, small, and medium enterprises (MSMEs), fast-growing firms, large corporations, and investors alike. According to ETK, these challenges have become critical to achieving long-term success and sustainability in today's dynamic business environment.

Momentum is designed to tackle these multifaceted issues by offering a structured, data-driven approach to evaluating organisational capacity. It focuses on three core pillars: Finance & Growth, Trade & Market Access, and Climate Risk Management. Under the Finance & Growth pillar, the platform aims to enhance governance, financial systems, and investment readiness. For Trade & Market Access, it supports operational maturity, compliance capabilities, and export readiness, enabling organisations to better navigate international markets. Lastly, the Climate Risk Management component allows businesses to identify and assess climate-related risks specific to their operations, determine the materiality of these risks, and implement adaptive strategies to mitigate them.

The platform integrates advanced technology with a comprehensive capacity-building framework, allowing organisations to benchmark their current performance against industry standards, pinpoint areas needing improvement, and create tailored transformation plans. These plans are intended to help businesses achieve key objectives such as expanding into new markets, securing financing, and building resilience against environmental threats.

During the Lagos launch, Bolaji Sofoluwe, Managing Director of ETK, emphasized the importance of resilience in today's uncertain world. She stated that "resilience is the new competitive advantage," highlighting how effective climate governance can empower organisations to build capacity, manage risk, and foster sustainable growth. Her remarks were echoed by Jonny Baxter, the British Deputy High Commissioner, who praised the platform as a testament to UK innovation and its ability to deliver practical solutions to global development challenges. He noted that Momentum is particularly beneficial for small and growing businesses, helping them demonstrate reliability to lenders and investors while participating more effectively in global value chains.

The collaboration between ETK, FCDO, and ANDE represents a broader effort to strengthen the competitiveness of businesses in emerging markets. It reflects a shared commitment among public, private, and development sector stakeholders to support sustainable economic growth and improve access to opportunities. As Momentum expands globally, it is expected to play a pivotal role in equipping organisations with the tools needed to navigate the evolving challenges of the modern business landscape.