Funding update: Circular initiatives secured $3.9 million in June

From the newsletter

Circularity initiatives across the continent obtained an estimated $3.9 million in external funding in June, making it the third-lowest monthly funding total so far this year and well below the January–May monthly average of $132.7 million. Deal activity was equally subdued, with only three transactions recorded across North and East Africa. 

• Egypt accounted for two of the three deals, attracting an estimated $3.7 million, while Ethiopia recorded the remaining venture investment worth $200,000. 

• Funding was evenly split across debt, grant and venture capital, supporting recycling, e-waste management and alternative fuels through public initiatives and circular economy startups. 

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