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.
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.
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 has secured $2.4 million in seed funding to expand its agri-loan offerings across East Africa.
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