Rising Tide Africa backs used cooking oil firm Ororo Waste with $1 million
- Rising Tide Africa commits ₦1.4 billion ($1 million) to Ororo Waste Management Limited.
- Ororo Waste aims to expand its collection infrastructure from three hubs to over 40 across Nigeria.
- The investment will finance the purchase of used cooking oil and cover operational costs.
The investment by Rising Tide Africa in Ororo Waste is a commendable step towards addressing waste management and empowering local communities in Nigeria. By focusing on the economic potential of used cooking oil, this initiative not only promotes environmental sustainability but also provides fair compensation for women and waste pickers, which is crucial for social equity. Future discussions could explore the scalability of such models across other African nations.
