Sunday, October 6, 2024

GrowthAfrica kicks off its first circular economy accelerator

Driven by a shared vision to increase the rate of success for impact ventures, Growth Africa and DOEN Foundation have partnered to enable business success in Africa through a Circular Economy accelerator. The programme is designed to support growth-stage ventures to build sustainable businesses by incorporating circular economy principles into their value chains.
The effects of climate change are adversely felt globally and is increasingly becoming Africa’s greatest challenge, whose effects can be mitigated by incorporating circularity models in solution-based cross-sector business systems. The infusion of Circular Economy principles in businesses encourages the production and use of resources effectively through reuse and regeneration, resulting in reduced waste, greenhouse emissions and pollution in general. Circularity gives the necessary tools to support climate mitigation in reversing the effects of climate change and biodiversity loss while addressing important business needs.
Through the accelerator programme, businesses will infuse circular economy models to improve resource performance and enhance their solutions to fight the volatility that climate change might bring to the continent.

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