Nigeria: All On invests $1.5m in Hinckley E-Waste Recycling
The funding will allow Hinckley to set up lithium-ion and used lead-acid battery recycling facilities.
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Hinckley E-Waste Recycling, an e-waste recycling company in Nigeria, has secured an equity investment of $1.5 million from impact investor All On.
The funding will allow Hinckley to set up lithium-ion and used lead-acid battery recycling facilities, the first of their kind in Nigeria.
“As Nigeria’s clean energy sector expands, so does the volume of electronic waste,” said Caroline Eboumbou, CEO of All On. “Our investment in Hinckley is a direct response to the findings of our circular economy research and reflects our commitment to building a sustainable battery supply chain that supports local value creation, environmental stewardship, and inclusive growth.”
Adrian Clews, CEO at Hinckley E-waste Recycling, added, “Through this investment, we aim to strengthen our commitment to both environmental care and livelihood enhancement – shifting informal e-waste collection into organised systems and building recycling facilities that comply with global standards. Our goal is to manage Nigeria’s growing and increasingly complex e-waste stream safely, responsibly, and sustainably. At Hinckley, we recognise that enhancing e-waste recycling infrastructure could significantly reduce health and environmental risks and support the thousands of men and women who currently work in the waste collection sector.”
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