Unilever has made an investment into Nairobi-based plastics recycling business Mr Green Africa in collaboration with DOB Equity and Global Investment Fund (GIF).
The funds will allow the company to expand and “build on the aggregation model which enables it to scale the trade of recyclables while building a strong and reliable supplier network.”
Financial details of the deal were not disclosed.
Keiran Smith, Co-Founder and CEO of Mr. Green Africa, says, “We are very pleased and looking forward to working with DOB Equity and Global Innovation Fund on the expansion of Mr. Green Africa. We believe we are in the right place, at the right time, to create a blueprint for emerging markets to provide a circular solution to the plastic challenge and need partners like DOB Equity and Global Innovation Fund that see this opportunity.”