Scrapays reposted this
Friday #goodread to get the weekend started📚💡 Why we invested 📈 🚀. With rapid urbanization across Africa, cities often struggle to keep pace with waste generation. In Lagos alone, only 20% of the estimated 13 million metric tons of annual waste gets properly collected. Dumping clogs vital infrastructure, causes floods and disease, and leads Nigeria to lose an estimated $2.5 billion in potential recycling value per year. Scrapays tackles this crisis through an innovative model that enables individuals and small businesses to launch mini-waste enterprises. Their asset-light approach equips the enterprises with the relevant technology and materials, coordinates logistics and aggregation of waste, and sells the waste to processors and formal recyclers thereby helping small-scale collectors and households augment their incomes and avoiding disasters caused by litter. Here’s a closer look at why we invested in Scrapays: https://lnkd.in/du-AEk4q Boluwatife Arewa, Tope Sulaimon, Maelis Carraro, Maxime Bayen, Rasima Swarup, Javier Linares, Ngetha Mwangi, Gabriel Abagalana, Valiullah Hashmi, Sydney Thiam, Maureen K., Charles I. Nweke.