The circular economy transition is a billion-dollar opportunity for Africa
COVID-19 shrank economies around the world. However, the crisis presents a unique opportunity for many to rebuild green and potentially bounce back stronger than ever.
This opportunity is especially clear for the African continent when considering the circular economy. While products and resources are made, used and disposed of in a “linear economy,” in a circular economy they are recycled, repaired and reused. This approach eliminates waste, strengthens resilience and is fast gaining traction as a new model for sustainable growth.
With the right enabling environment, a circular economy offers a promising opportunity for economic development, value creation and skills development. And with the COVID-19 pandemic forcing countries across the globe to restructure their economies, Africa is in a strong position to take advantage of these emerging opportunities.
In a new report, the World…