Frankfurt (Germany) and Abidjan (Cote D’Ivoire), October 2020. GreenTec is very pleased to report that our Cote D’Ivoire-based portfolio company Coliba has deployed their first plastic collection kiosk in Abidjan. The container-based plastic collection point expands on the company’s current model of collection with agents.
Coliba applies circular economy principles to the collection and recycling of PET plastics in Cote D’Ivoire tackling the global problem of plastic waste. The company uses an innovative app that allow users to collect and trade bottles in exchange for airtime and fast-moving consumer goods coupons. The company then cleans and processes the bottles into flakes and pellets to be resold to industrial plastic producers. The addition of kiosk collection points expands the company’s reach and will allow more citizens of Abidjan to participate in recycling actively and conveniently. The kiosks will contain equipment to prepare PET plastics for further processing as well as provide additional jobs. Coliba plans to expand their collection kiosks beyond Abidjan shortly throughout Cote D’Ivoire and further contribute to sustainable solutions to combat plastic waste.
GreenTec is happy to be supporting Coliba in diversifying its collection steams and expanding recycling access in West Africa. The new kiosk model offers a novel and scalable solution that will expand the company’s social and environmental impacts. Following on recently being shortlisted for the Growth Stage Impact Ventures (GSIV) for Sustainable Development Goals (SDGs) initiative, Coliba continues to make impressive progress and exemplifies the successful combination of innovation, technology, and impact that we love to see. Check at the Coliba Website and Android app available in the Google Play Store