The startup works closely with brand owners to realise their sustainable packaging goals by accessing ethically sourced, locally produced Post Consumer Recyclate (PCR). Its mission is to turn waste into value, thereby integrating and strengthening a localised circular economy in emerging markets.
Mr. Green Africa previously raised an undisclosed amount of funding from DOB Equity, a Dutch family-backed impact investor in East Africa, and Global Innovation Fund, in partnership with Unilever, and it has now secured a further round. DOB Equity and Global Innovation Fund are returning investors, and are now also joined by Water Unite Impact Investment Vehicle, a partnership between Water Unite and Wellers Impact; the BESTSELLER Foundation; AlphaMundi Group; Minderoo; and DOW.
This investment will allow Mr. Green Africa to build on its success and scale its business model. By improving the output quality of its recycled plastics to a food-grade standard and significantly increasing the capacity, Mr. Green Africa will contribute to a broader circular plastics economy.
The company plans to create a new sourcing stream by integrating consumers from all income brackets incentivised to deposit plastic waste back into the MGA 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.
“We are delighted to bring together and align such diverse groups of partners and investors to join this journey of Mr. Green Africa. It’s a testament to the authenticity of the vision and purpose of what the company and its people stand for,” said Keiran Smith, co-founder and CEO of Mr. Green Africa.
Photo Courtesy: CEO Business Africa, Mr. Green Africa
Source: Disrupt Africa
