Kubik has become the first Ethiopian company to gain major investment in recycling Ethiopian tech startup Kubik has become the first company of its kind to secure multimillion-dollar funding for a sustainability project in the country, the AFROTECH news agency reported on Thursday. The startup, established in 2021 by Kidus Asfaw and Penda Marre, operates a factory at the Adama Industrial Park in Addis Ababa and specializes in transforming plastic waste into low-carbon bricks, columns, and beams. It has recently secured an additional $1.86 million in financing, taking its seed round to a total of $5.2 million.
Hence then, the article about african startup secures multimillion dollar funding was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( African startup secures multimillion-dollar funding )