Mr Green Africa, a Kenyan plastics recycling pioneer, has been boosted by a major round of investment by impact driven investors and key industry stakeholders to scale its business model across the continent.
In 2019, the company secures another undisclosed amount of funding from investors.
Mr Green Africa is a circular recycling business that has developed a technology-driven plastics collection model that enables waste collection at the source, integrating informal waste workers, micro-entrepreneurs and consumers into a formal value chain.
Investors who took part in the funding round include DOB Equity, Global Innovation Fund, Water Unite Impact Investment Vehicle, a partnership between Water Unite and Wellers Impact; the BESTSELLER Foundation; AlphaMundi Group; Minderoo; and DOW.
Mr Green Africa says it will use this funding to scale its business model by improving the output quality of its recycled plastics to a food-grade standard and significantly increasing the capacity.
The company further plans to create a new sourcing stream by integrating consumers from all income brackets incentivised to deposit plastic waste back into its collection systems, and also plans to increase the capacity of the production plant to process 15-20,000 MT of plastic waste in the East Africa region.
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