CEO, Koolboks

This week, Ira spoke with Ayoola Dominic, CEO of Koolboks, which provides sustainable, solar-powered cooling systems in underserved areas. In this cold episode of “Ira’s Everything Bagel,” Ayoola talks about his background as a pharmacist and his parents, who are both medical doctors; why he’s passionate about the developing world; why refrigeration is important in these areas; the lack of refrigeration in Sub-Saharan Africa (compared to the West); how to make refrigeration affordable and accessible to everybody; utilizing the resources of water and the sun; what is the good of technology if you can’t afford it; the role of lithium batteries; how 90 percent of their customers are small businesses that are generating income; his recent appearance at the Clinton Global Initiative; why the need for data collection on usage; using data to connect customers with needing a middleman, such as a fish farmer and a frozen food seller; the pay-as-you go billing system; how third-party banking agencies facilitate the billing; and optimizing sales for all their customers.

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