HSBC supports waste management in Africa with US$30m loan

AFRICA – British investment bank HSBC has approved US$30 million in green financing for Averda, a Lebanese company specializing in waste management and recycling, to support the adoption of circular practices in waste management in Africa. Averda received the funds following the refinancing of its US$148 million term loan.  “The refinancing, which replaces the previous term loan that was due to expire in 2023, was secured for a five-year term with a coupon of 4.5% from the six-bank syndicate of First Abu Dhabi Bank (FAB), Bank ABC, Gulf International Bank…

Read More

Rwanda and Luxembourg launch waste recycling project in Kigali

RWANDA – The government of Rwanda and Luxembourg have launched a waste recycling and management project that will recycle, improve city solid waste control and hazardous waste management in Kigali city. Codenamed “Waste to Resources”, the three-year project aims at adopting integrated sustainable waste management methods including waste segregation, transfer, sorting, treatment, recovery, and disposal, in an integrated manner and business models to increase the capacity of the waste management system. The launch of the waste to resource project follows Memorandum Of Understanding (MoU) signed between the Ministry of Environment…

Read More

Logistics startup Amitruck and Sanergy partner for sustainable waste management

KENYA –  Amitruck, a technology startup and waste management solutions provider Sanergy have announced a partnership to tackle waste management in Nairobi, Kenya. Through the partnership, they have built an end-to-end value chain network of operations and efficient logistics that will collect, treat, and convert two streams of waste: sanitation waste generated in low-income informal settlements with inadequate sanitation services and kitchen & agricultural waste from restaurants, marketplaces and agricultural pack houses building a new model for city’s resilience through circular organic waste management.  The partnership has also created more jobs in the…

Read More