Norfund invests in plastic recycling in Ghana and Nigeria
Publish date: 2025-09-17
Norfund, the Norwegian government's investment fund for business development in developing countries, is investing in Mohinani Group to support plastic recycling in Ghana and Nigeria. The investment in the form of a loan aims to reduce waste, cut greenhouse gas emissions, and create jobs in two of West Africa’s largest economies.
“This investment in Mohinani Group aligns with our efforts to develop the plastic recycling sector, one of Norfund’s investment areas, in collaboration with industrial partners. By supporting the company to build high-capacity recycling infrastructure, we aim to buttress and develop collection chains, help to create jobs and improve lives, reduce dependency on imported inputs and decrease the amount of unmanaged waste. Along with the IFC, we look forward to supporting the company to operationalize these projects, as well as to additional collaborations,” says Naana Winful Fynn, Norfund’s Regional Director for West Africa.
Mohinani Group has established two modern facilities for recycled PET (rPET) – one in Ghana and one in Nigeria – with a combined annual capacity of up to 15,000 tonnes of food-grade recycled plastic. This will replace virgin plastic in the production of bottles and packaging, helping meet global requirements for increased use of recycled materials.
“This investment in Mohinani Group aligns with our efforts to develop the plastic recycling sector, one of Norfund’s investment areas, in collaboration with industrial partners. By supporting the company to build high-capacity recycling infrastructure, we aim to buttress and develop collection chains, help to create jobs and improve lives, reduce dependency on imported inputs and decrease the amount of unmanaged waste. Along with the IFC, we look forward to supporting the company to operationalize these projects, as well as to additional collaborations,” says Naana Winful Fynn, Norfund’s Regional Director for West Africa.
Mohinani Group has established two modern facilities for recycled PET (rPET) – one in Ghana and one in Nigeria – with a combined annual capacity of up to 15,000 tonnes of food-grade recycled plastic. This will replace virgin plastic in the production of bottles and packaging, helping meet global requirements for increased use of recycled materials.
Source: Norfund
