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Turning Trash into Cash: Investing in Waste Management Companies

by | 30-10-2014 18:05 recommendations 0

2011 UN report on urbanization indicates that half of the world population lives in cities. Like many other developing countries across the world, Kenya population is undergoing rapid urbanization. As the livelihoods of people improve, the more they tend to waste .Increase in income is directly proportional to increase in waste. It is expected that half of Africa's population will live in cities by year 2030. Management of solid waste in Kenya has faced several challenges resulting to clogged drainage and sewers, emergence of waterborne diseases like typhoid and cholera, respiratory diseases from open burning of the garbage to malaria.

Following introduction of Integrated Solid Waste Management (ISWM) also called sustainable solid waste management concept by UNEP and JICA in partnership with Nairobi City County of dealing with waste, there has been lot of interest in waste recycling business start-up ventures. Traditionally waste management was left to local authorities i.e. county governments but the scenario is changing with the realization that local authorities on their own are not capable of managing waste. Like other cities in the world, solid waste management is an expensive venture gobbling up to 30 to 50% of revenues (UNEP). This is unsustainable and Kenyan cities and towns end up with endless heaps of garbage dotting the landscape.

Embracing the 3R, Reduce, Recover and Recycle concept of solid waste management has potential in creating employment especially among the youths who comprise the majority in developing countries .Recently several individuals and youth community based organizations in Kenya who have started plastics recycling and composting projects have won international awards from their role in environmental sustainability and climate change mitigation . Ecopost and Green Africa International Limited in Kenya have offered sustainable business model with ecological benefit of removing plastic bottles and polythenes from the environment. The byproducts are plastic posts which are later used for fencing, construction, amongst others. Thus reducing deforestation and mitigating climate change.

Sanergy Limited also in Kenya is an award-winning social venture that is trying to convert the problem of human waste into valuable products. Since its launch in 2011, over 3500 tons of human waste has been processed to organic fertilizer and generation of power. Trash might not seem like a terribly exciting investment but Investing in green business such as waste management is projected to grow over the next decades.

 

 
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9 Comments

  • says :
    Thank you for sharing, Samuel Muoria!
    Posted 27-11-2014 09:13

  • Rohan Kapur says :
    Well reported, Samuel. Local & Govt. both the sectors must initiate recycling facilities in Kenya.
    This has tremendous potential to earn as well as save the environment.
    The target should be Zero waste to landfills.
    Pls carry on with your awareness reporting & ground works.
    It is achievable & All the best for the same.
    Posted 02-11-2014 18:39

  • says :
    Dear Samuel, we face the similar problem as yours. Your report give courage to spread the ideas to the society. I like you report title! It's very catchy!! XD Thanks for reporting this.

    Please keep spirit to create more inspirational report. I'm glad to waiting yours. :) Best Regards XD
    Posted 01-11-2014 11:52

  • says :
    kudos Africa! good job Samuel.. thanks for shring! i am a fan of innovation.. too much
    Posted 01-11-2014 09:38

  • says :
    Perfect and sustainable way of managing the solid waste,hope this concept could spread over the world !!Thanks for sharing ,Samuel !
    Posted 31-10-2014 18:59

  • says :
    Kenya seems to be great example in raising green economy.Thanks for sharing Samuel. :)
    Posted 31-10-2014 15:14

  • Arushi Madan says :
    Glad to know that since 2011 3500 tons waste is upcycled and put to better use in kenya. Amazing. You are right currently worldwide even here in UAE , most of the recycling companies are government driven but slowly private firms / entrapreneurs are seeing sense in this . Setting up of more waste management companies can give employment to youth as you said , can add to countries economy , can reduce carbon footprint. Win-Win situation .
    Thanks for sharing , Samuel.
    Posted 30-10-2014 19:24

  • says :
    WOW!!! great concept in deed. Tank you for the report Samuel.
    Hope such projects ger implemented in our countries as well. :)
    good job Kenya!!!
    Posted 30-10-2014 19:14

  • says :
    THANKS SAMNUEL..ONE OF MY GREATEST AMBITION IS WHEN PEOPLE ESPECIALLY AFRICANS START TO SEE WASTE AS A RESOURCE. I ALSO DREAM TO HAVE MY OWN RECYCLING COMPANY. I AM PROUD OF YOU .THANKS
    Posted 30-10-2014 18:17

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