Kibo Capital Partners (KCP) today announced that its portfolio company Blowplast Limited (Blowplast), in partnership with Unilever and recycling company Mr. Green Africa, has produced Kenya’s first fully recycled packaging solution. The packaging, produced for Unilever’s Sunlight scouring powder, is made entirely out of locally recycled plastic. The switch eliminates need for virgin plastic for this product and thus significantly reduces CO2 emissions.
“We have invested in and are committed to advancing the development of a circular economy. In addition to this initiative, we are working with several leading Kenyan consumer goods companies to increase the percentage of locally recycled packaging in their packaging.”, Sanjay Brahmbhatt, Blowplast’s MD, noted.
Blowplast Limited is Kenya’s leading producer of plastic packaging solutions. It serves a wide variety of industries both in the Kenyan as well as the wider Sub Saharan African markets, with additional production facilities in Uganda and Madagascar. Products include value-added food grade packaging items and other specialized solutions.
About Kibo Capital Partners
Kibo Capital Partners is the manager of the Kibo Funds I and II, private equity funds that invest across Eastern and Southern Africa and the islands of the Indian Ocean since 2008. From its offices in Nairobi and Mauritius, KCP partners with established and well-regarded companies to create sustainable long-term value. Combined funds under management of over USD 100 million.