New Investments
Nigerian recycling startup WeCyclers secures $2 million to recycle 30,000 tonnes of plastics
Wecyclers Corporation, a leading Nigerian recycling startup, has secured $2 million in funding to recycle 30,000 tonnes of plastics over the next five years
The new investment was provided by the French investment bank Société Générale; through Unilever West Africa Nigeria. Wecyclers will use the new funding to expand its activities in Nigeria, where it has been collecting, sorting and recycling plastic waste. Launched in 2012, the startup aims to create a sustainable future by promoting recycling and waste reduction. They use innovative technology and social entrepreneurship to incentivize people to recycle their waste, especially in underserved communities. Wecyclers’ mission is to create a circular economy where waste is viewed as a resource, not a burden.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
Congolese Delivery Startup Noki Noki Secures $3 Million in Seed Funding
Noki Noki, a fast-growing Congolese logistics company specializing in food delivery and grocery shopping assistance, has secured $3 million in seed funding.
Nigeria’s Juicyway Raises $3M Pre-Seed Funding to Revolutionize Cross-Border Payments
Juicyway, a Nigerian startup specializing in cross-border payments, has announced a successful $3 million pre-seed funding round.
Egyptian Ad-Tech Startup dKilo Secures $3.2 Million in Seed Funding
Egyptian ad-tech startup dKilo has raised $3.2 million in seed funding to develop new methods for brands to reach consumers and expand into the Saudi Arabian market.
