Photo by Mali Maeder from Pexels
Unilever, the owner of professional skincare brands such as Dermalogica, Murad and Ren, has co-invested with DOB Equity and the Global Innovation Fund in Nairobi-based recycled plastics supplier, Mr. Green Africa.
The collaboration will allow Mr. Green Africa to fulfill the growing demand for recyclables.
Mr. Green Africa will expand and build on the aggregation model which enables it to scale the trade of recyclables, while building a strong and reliable supplier network. It will lead to increased processing capacity to produce higher value recycled products in larger volumes to supply consumer goods companies.
Keiran Smith, Co-Founder and CEO of Mr. Green Africa, comments: “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.”