*Data updated daily at 18:00 EAT
Mr. Green Africa, a Kenyan plastics recycling pioneer, has received a significant round of investment from impact-driven investors and key industry stakeholders to scale its business model across the continent. The investment round was led by DOW, a leading material science company that will support MGA innovations on plastic collection, recycling, and product development. Other investors in the round include Minderoo, AlphaMundi Group (AMG), The BESTSELLER Foundation, DOB Equity, and Global Innovation Fund.
Mr. Green Africa aims to turn waste into value and make a localized circular economy in emerging markets commonplace. The investment will enable the company to build on its success and scale its business model by improving the supply chain and paying its waste pickers a living wage.