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...
Ampersand Raises Capital to Accelerate Electric Motorcycle Expansion in East Africa
Ampersand, a Rwandan electric motorcycle firm, has secured a fresh funding round to grow its operations across East Africa.
Nigerian Fintech Mamamoni Secures €250,000 Funding
Mamamoni, a Nigerian fintech social enterprise dedicated to empowering low-income women, has received a €250,000 grant from the Challenge For Youth Employment (CFYE).
Ethiopia Secures $1 Billion from World Bank to Support Economic Reforms
Ethiopia has reached a deal with the World Bank to receive $1 billion in funding aimed at advancing its economic reform plans and boosting overall growth.