Penda Paper Recycling

📍 Addis Abeba, Ethiopia🗓 Founded 2015👥 7 employees💰 Last funded Aug 2015
Renewable Energy Semiconductor Manufacturing🌐 pendapaper.com
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Penda was founded in 2014 by our general manager Marie Nielsen with a clear purpose in mind; to revolutionise Addis Ababa’s paper recycling industry and showcase the “power of paper”. The result was a company founded on the following three goals: 1. To build a sustainable circular economy for paper and carton waste in Ethiopia 2. To create 10,000 job and income opportunities in recycling 3. To contribute to making Ethiopia a green middle-income country by 2025 After conducting a small pilot project for waste paper collection in the capital, Penda signed a Public Private Partnership agreement with the Addis Ababa City Administration in June 2015. The role of Penda under the 20-year PPP agreement is to develop and set up a best practice system for waste paper/carton collection in the city for recycling and prevent (as far as possible) the current practice of burning and/or dumping recyclable materials at the landfill. Our accomplishment to date: - 90+ fulltime jobs created - 4,500 m3 of landfill space saved - 4,300 government waste collectors are earning additional income - 170+ offices are participating in our recycling program - 512,610 children in 810 schools are educated on the benefits of recycling
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2015
Founded

Investors

1 investors
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Investor geography1 country
Norway
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Frequently asked questions
Who invested in Penda Paper Recycling?
Penda Paper Recycling has 1 investors on record on gritt.io, including 1 early-stage backers.
When did Penda Paper Recycling last raise funding?
The most recent investment in Penda Paper Recycling recorded on gritt.io was in August 2015.
When was Penda Paper Recycling founded?
Penda Paper Recycling was founded in 2015.
What industry is Penda Paper Recycling in?
Penda Paper Recycling operates in Renewable Energy Semiconductor Manufacturing. Find similar Renewable Energy Semiconductor Manufacturing investors on gritt.io.
Where is Penda Paper Recycling based?
Penda Paper Recycling is headquartered in Addis Abeba, Ethiopia.