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Western Africa

Norfund Backs Plastic Recyclers In Nigeria And Ghana

Norfund says these are the first of many investments into the sector.


By Liz Bains
Norfund, the Norwegian investment fund for developing countries, is supporting the expansion of two plastics recyclers in Nigeria and Ghana. Norfund is proving a €2 million (US$2.2 million) convertible loan to Lagos-based Wecyclers Nigeria. This will finance the construction of a new polyethylene terephthalate (PET) bottle recycling plant in Ogun State.

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