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...
Tunisian Startup Kumulus Water Raises $3.5 Million in Seed Funding to Expand Air-to-Water Technology
Kumulus Water, a Tunisian-French startup specializing in atmospheric water generation, has raised $3.5 million in seed funding to scale its technology that transforms air into safe drinking water.
Moroccan Agritech Startup YoLa Fresh Secures $7 Million to Connect Farmers and Retailers
YoLa Fresh, a Moroccan agritech startup that connects smallholder farmers directly with traditional fruit and vegetable retailers, has secured $7 million in pre-Series A funding.
Ugandan Agritech Startup Emata Secures $2.4 Million Seed Funding to Expand Agri-Loan Offerings
Ugandan agritech startup Emata has secured $2.4 million in seed funding to expand its agri-loan offerings across East Africa.
