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.
South African recruitment startup JOBJACK has announced securing S$2.5 million in pre-Series A funding to revolutionize the entry-level recruitment process in the country.
Swiss development finance institution, SIFEM, has committed $15 million to the first close of Ninety One’s Africa Credit Opportunities Fund 3, which targets a total fundraising of $500 million.
South African agri-tech company Khula has successfully raised $6.8 million in its ongoing Series A funding round, with backing from notable investors including Absa Bank and PepsiCo.
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