Goodwell and Alitheia Capital have invested in Hinckley E-Waste Recycling to enhance Nigeria's e-waste recycling infrastructure while improving the livelihoods of informal collectors.

Target Information

Hinckley E-Waste Recycling is a notable player in Nigeria's burgeoning informal e-waste recycling sector, which consists of over 100,000 informal e-waste collectors. These individuals are transforming discarded electronics into reusable resources, thus creating a sustainable business model that equally emphasizes social inclusion and environmental mitigation. By ensuring better working conditions and fairer compensation, local companies are shifting the narrative of climate finance to prioritize human well-being as integral to achieving environmental goals.

Nigeria ranks as the largest producer of e-waste in the region, generating approximately 500,000 tonnes annually. The current recycling rate stands alarmingly low, with only about 1% to 15% of this waste being processed, leading to significant land, water, and air pollution. Hinckley aims to construct recycling facilities capable of processing up to 30,000 tonnes of e-waste per year, addressing both the environmental crisis and the socio-economic conditions of the people engaged in this sector.

Industry Overview

The informal recycling economy in Nigeria is at a critical juncture, fueled by the growing global emphasis on sustainable practices and climate resiliency. While the e-waste sector presents vast entrepreneurial opportunities, it is