Category: Africa

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Cassava Technologies launches Cassava Autonomous Network, powered by NVIDIA to redefine network performance in Africa

Source: APO

Cassava Technologies (www.CassavaTechnologies.com), a global technology leader of African heritage, has announced the launch of Cassava Autonomous Network, an agentic solution designed to significantly improve network performance across Africa. This solution is the first African-ready, autonomous network designed to self-optimise mobile Radio Access Networks (RAN) and built specifically for the unique complexities of Africa’s connectivity landscape.

Powered by NVIDIA AI infrastructure, NVIDIA NIM microservices (https://apo-opa.co/407MEpV), and NVIDIA Network Configuration Blueprint, Cassava Autonomous Network offers policy-driven automation that replaces manual network adjustments with continuous, intelligent optimisations, reducing operational bottlenecks and increasing efficiency by up to 75%. Cassava Autonomous Network runs on CAIMEx, a localised multi-model platform (https://apo-opa.co/4r9c95l) that provides unified access to leading AI models through regional AI factories.

“Cassava Autonomous Network combines NVIDIA’s AI infrastructure with the inclusivity of Africa’s networks’ needs and Cassava’s extensive experience in the telco industry”, said Ahmed El Beheiry, Group COO and Group Chief Technology & AI Officer, Cassava Technologies. “With this solution, we are delivering on a significant step toward intelligent, self-healing, autonomous networks that drive coverage, quality, profitability, and improve customer experience across the continent.”

African telecom operators currently manage increasingly dense and complex networks under tight resource constraints. While 4G remains dominant in Africa (GSMA 2024 report), 5G continues to scale, meaning daily optimisation remains a manual bottleneck. Cassava Autonomous Network eliminates these inefficiencies by automating the process and reducing repair time for minor issues from four days to approximately 35 minutes. The solution is also designed to work across all vendors and network generations (2G, 3G, 4G, and 5G), including legacy, hybrid, and cloud-native deployments.

With the launch of Cassava Autonomous Networks, the company has yet again reiterated its commitment to empowering businesses through digital solutions.“In today’s multi-vendor landscape, flexibility is the ultimate currency. Cassava Autonomous Networks provides a truly open architecture that respects existing RAN investments while introducing advanced agentic AI capabilities. Our solution allows telco operators to supercharge their hardware systems,” concluded El Beheiry.

Distributed by APO Group on behalf of Cassava Technologies.

About Cassava Technologies:
Cassava Technologies is a global technology leader of African heritage, providing a vertically integrated ecosystem of digital services and infrastructure, enabling digital transformation. Headquartered in the UK, Cassava has a presence across Africa, the Middle East, Latin America and the United States of America. Through its business units, namely, Cassava AI, Liquid Intelligent Technologies, Liquid C2, Africa Data Centres, and Sasai Fintech, the company provides its customers’ products and services in 94 countries. These solutions drive the company’s ambition of establishing itself as a leading global technology company of African heritage. www.CassavaTechnologies.com

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RTMC raises alarm over private scholar transport operators

Source: Government of South Africa

RTMC raises alarm over private scholar transport operators

A high number of private scholar transport operators continue to exhibit an intractable attitude and unwillingness to comply with passenger regulation, despite high-profile fatal crashes and intensified law enforcement.

This is according to the Road Traffic Management Corporation’s (RTMC) observations, which are supported by statistics from law enforcement operations conducted in all provinces last week.

Of the 5 386 scholar transport vehicles stopped and checked, 1 028 vehicles were found to have been operated in violation of existing traffic laws.

“Most of these vehicles (589) were privately owned, while 146 were contracted by parents, 95 were contracted by the Department of Transport and 11 were contracted by the Department of Basic Education, while seven were school owned.

“Many were found to be operating without the necessary public scholar transport permits, while others were driven by drivers who did not possess, or failed to produce driving licences and professional driving permits,” the RTMC said on Monday.

The vehicles were found to have many defects relating to tyres, brakes, and rear stop lamps.  

Law enforcement issued 500 traffic fines, 219 vehicles were impounded, and two vehicles were discontinued.

Most transgressors were found to be between the ages of 18 and 35 years, followed by those aged between 35 and 45 years.

Meanwhile, 418 other motorists were arrested for drunken driving in the same week.

The highest number of drunken driving arrests was in the Eastern Cape. Mpumalanga impounded and discontinued the highest number of vehicles. –SAnews.gov.za

 

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Verdant IMAP conseille Polysmart dans le cadre d’une levée de fonds stratégique en capital

Source: Africa Press Organisation – French

Verdant IMAP (« Verdant ») (www.Verdant-Cap.com) a le plaisir d’annoncer avoir agi en qualite de conseiller financier exclusf de Polysmart Packaging Group (« Polysmart » ou la « Société »), l’un des principaux fabricants intégrés de plastiques recyclés de qualité alimentaire et non alimentaire, dans le cadre de la clôture d’un placement en actions stratégique de cinq millions USD d’un investisseur privé axé sur l’Afrique.

Cette opération apporte à Polysmart des capitaux de croissance destinés à optimiser ses opérations, accroître l’efficacité de sa production et soutenir son expansion industrielle. Elle renforce notamment le développement de l’une des plateformes de traitement de polyéthylène téréphtalate recyclé (« rPET ») les plus avancées du Nigeria, consolidant ainsi la position de Polysmart en tant qu’acteur compétitif de l’économie circulaire, au service des marchés domestiques et internationaux. Fondée en 2013 et basée dans l’État d’Ogun au Nigeria, Polysmart a développé une plateforme industrielle intégrée couvrant l’ensemble de la chaîne de valeur du recyclage : partenariats stratégiques dans la collecte, le tri et l’agrégation des déchets plastiques, ainsi que production de résines et de flocons recyclés de haute qualité. La Société exploite une installation de production de pointe reposant sur des technologies européennes avancées et conforme aux standards internationaux les plus exigeants en matière de qualité et d’environnement.

Polysmart figure parmi les plus importants fournisseurs de résines plastiques recyclées au Nigeria et constitue un producteur clé de granulés de rPET de qualité alimentaire pour les marchés locaux et d’exportation. Sa clientèle comprend de grandes multinationales des secteurs des boissons, de l’embouteillage et de la fabrication, témoignant de la qualité constante de ses produits, de la fiabilité de ses opérations et de sa conformité aux standards internationaux de durabilité.

Selon Persistence Market Research, le marché mondial du rPET devrait enregistrer un taux de croissance annuel composé d’environ 8,9 % jusqu’en 2032. Cette dynamique est soutenue par le renforcement des réglementations environnementales, l’instauration d’objectifs obligatoires en matière de contenu recyclé en Europe et sur d’autres marchés développés, ainsi que par l’accélération des engagements climatiques et de durabilité des grandes marques internationales. Dans ce contexte, les producteurs de rPET capables d’offrir des volumes significatifs, une qualité constante et une traçabilité renforcée sont idéalement positionnés pour capter une demande structurelle de long terme.

Polysmart opère à l’intersection de la fabrication de pointe et de la durabilité environnementale. En consolidant les partenariats dans l’ensemble de l’écosystème de collecte des déchets et en convertissant les déchets plastiques en résines et en flocons de haute qualité, la Société renforce les chaînes d’approvisionnement circulaires et soutient les marques mondiales dans la réalisation des objectifs de contenu recyclé et de réduction des émissions de carbone. Son modèle d’intégration progressive constitue un avantage compétitif majeur en matière de traçabilité, de cohérence des produits et de fiabilité d’approvisionnement sur les marchés internationaux du rPET. Ce placement en actions marque une étape importante dans la trajectoire d’institutionnalisation et de croissance de Polysmart. Verdant IMAP a accompagné la Société en qualité de conseiller financier exclusif tout au long de la transaction. Cette opération illustre l’engagement continu de Verdant à soutenir, à travers l’Afrique, des champions industriels à vocation internationale contribuant activement à la transition climatique et à l’économie circulaire. 

Distribué par APO Group pour Verdant Capital.

Contacts avec les médias :
Verdant IMAP 
Orient Mahonisi
T : +27 10 140 3700
E : orient.mahonisi@verdant-cap.com

À propos de Verdant IMAP :
Verdant IMAP est une banque d’investissement panafricaine de premier plan, spécialisée dans les fusions-acquisitions (M&A) et les marchés de capitaux privés. En alliant l’expertise d’une banque d’affaires internationale à une connaissance approfondie des marchés locaux, Verdant IMAP accompagne ses clients dans l’accès aux capitaux mondiaux et la mise en œuvre de partenariats stratégiques pour soutenir leur croissance et leur transformation sur le continent. Verdant IMAP est le cabinet partenaire exclusif d’IMAP pour la région. IMAP est un partenariat mondial de fusions-acquisitions regroupant plus de 600 professionnels répartis dans 51 pays, et figure régulièrement parmi les cinq meilleurs conseillers mondiaux pour les transactions du mid-market.

Site web : www.Verdant-Cap.com

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AFRICA24 Présente MAROC-AFRICA premier magazine Mensuel TV 360° consacré à la vision royale du développement pour l’Afrique

Source: Africa Press Organisation – French

Le Groupe AFRICA24  (https://Africa24TV.com), pilier et leader mondial du narratif de la coopération intra Africaine, innove avec MAROC-AFRICA. le premier magazine  360° (TV, Digital et Print) consacré aux actions structurantes du Maroc en Afrique.

MAROC-AFRICA est un magazine mensuel de 26 minute qui valorise la vision royale marocaine pour l’Afrique.  Le Commerce intra Africain est le socle de la prospérité du continent.

Dans cette première édition : le Dossier : les enjeux du Sahara ; Zoom sur L’agence Marocaine de Coopération Internationale (AMCI) ; Portrait : Nasser Bourita le Ministre des Affaires Etrangères, Business : Royal Air Maroc les Ailes de l’Afrique, L’interview : Hamza Kabbaj Président de SGTM Le bâtisseur, Carte Postale : Rabat

Retrouvez le magazine en exclusivité ici : https://apo-opa.co/4lbdM18

Un magazine inédit d’analyse, de reportages et de découverte

MAROC-AFRICA est une vitrine rayonnante de la diplomatie, la coopération économique, culturelle, sociale, évènementielle du Maroc avec les pays du continent.

À travers MAROC-AFRICA, le Groupe AFRICA24 valorise :

  • Les grands enjeux du développement en Afrique portés par le Maroc
  • Les projets de coopération Sud-Sud qui transforment le continent
  • Des entretiens avec des décideurs, entrepreneurs du Maroc qui matérialisent au quotidien la vision Royale pour l’Afrique
  • L’impact des réalisations de chaque partenariats du Maroc
  • Les dynamiques économiques et institutionnelles du Maroc en Afrique

Une programmation structurée et dynamique

MAROC-AFRICA est un panorama inédit d’une programmation dense avec :

Le Dossier – Analyse approfondie d’un enjeu stratégique Maroc-Afrique
Zoom – une institution marocaine, Un évènement ou une initiative du Royaume
Portrait – d’une personnalité engagée
L’Interview – Entretien avec un décideur ou acteur stratégique
Business – Analyse et perspectives pour l’Afrique d’un secteur économique clé
Coopération – Reportage dans les pays du continent des actions du Maroc

Agenda – Tous les rendez-vous et évènements qui rassemblent l’Afrique

Carte Postale – A la découverte des villes et régions du Royaume

Une diffusion continentale et mondiale

MAROC-AFRICA sera diffusé sur :

  • AFRICA24 TV (français – chaîne 249 Canal+ Afrique)
  • AFRICA24 English (anglais – chaîne 254 Canal+ Afrique)
  • MyAfrica24, première plateforme de streaming HD dédiée à l’Afrique
  • https://Africa24TV.com

Avec une audience de plus de 120 millions de foyers et une forte présence digitale, le Groupe AFRICA24 confirme son engagement à accompagner les grandes dynamiques de transformation du continent.

Avec le Groupe AFRICA24, Ensemble, transformons l’Afrique !

Distribué par APO Group pour AFRICA24 Group.

Contact :  
Direction de la Communication – Groupe AFRICA24
Gaëlle Stella Oyono
Email : onana@africa24tv.com 
Tél. : +237 691 30 03 40
@ africa24tv
https://Africa24TV.com

A PROPOS DU GROUPE AFRICA24 :
Initié en 2009, le Groupe AFRICA24 est le premier éditeur TV & média digital du continent avec 4 chaînes full HD en diffusion dans les plus grands bouquets. Leader chez les décideurs et cadres dirigeants du continent, AFRICA24 en Français et AFRICA24 English, le Groupe est le pionnier et leader des chaînes d’informations sur l’Afrique. AFRICA24 a renforcé ce leadership à travers le sport avec AFRICA24 Sport, première chaine en Afrique dédié à l’information sportive et aux compétitions et AFRICA24 Infinity, première chaîne dédiée aux industries créatives qui valorisent le génie créatif de la jeunesse africaine dans l’art, la culture, la musique, la mode, le design… Première marque audiovisuelle du continent, le Groupe AFRICA24 dispose de 4 chaînes de télévisions en full HD chacune leader dans son segment :

  • AFRICA24 TV : Leader de l’information Africaine en Français, édité par AMedia
  • AFRICA24 English : Leader de l’Information Africaine exclusivement en Anglais
  • AFRICA24 Infinity : La chaîne des talents créatifs dédiée à la Musique, l’art, la culture.
  • AFRICA24 Sport : Première chaîne d’information sportive et des compétitions

Le Groupe AFRICA24 édité MyAfrica24 (Google store et App Store), la première plateforme de streaming HD mondiale sur l’Afrique disponible sur tous les écrans (Télévision, tablette, smartphone, ordinateurs)… Plus de 120 millions de foyers ont accès aux chaînes du Groupe AFRICA24 à travers les plus grands opérateurs : Canal+, Bouygues, Orange, Bell… et plus de 8 millions d’abonnés sur les différentes plateformes digitales et réseaux sociaux.

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Health officials appear in Specialised Commercial Crimes Court

Source: Government of South Africa

Health officials appear in Specialised Commercial Crimes Court

Three senior Department of Health officials, including the department’s Director-General (DG), who were arrested on Monday, have been granted bail of R10 000 each after appearing in the Specialised Commercial Crimes Court in Pretoria.

The three — Deputy Director General of Tertiary Health and Hospital Services Dr Malixole Percival Mahlati , Chief Financial Officer Phineas Phaswa Mamogale (45) and the Director-General, Sabelo Siyabonga Sandile Buthelezi — are facing charges of fraud worth more than R1 million and theft.

Buthelezi is facing an additional charge of contravention of the Public Finance Management Act (PFMA).

“It is alleged that between 30 August 2023 and 28 September 2023, the three accused acted in common purpose and irregularly appointed two service providers, Ithani Amen (PTY) Ltd and N Mbileni J Tohlang-Nkopane Inc, in a labour-related matter.

“Ithani Amen was appointed as an independent investigator, and N Mbileni J Tohlang-Nkopane as chairperson for a disciplinary hearing held against the suspended Chief Director of Labour Relations at the [department]. Both service providers were paid via the Global Fund, which aimed to assist the department in training and relief in outbreaks,” National Prosecuting Authority (NPA) Gauteng spokesperson, Lumka Mahanjana, said.

They were reported by the Forensic Investigator to the Directorate for Priority Crime Investigation (the Hawks) for investigation.

“After investigations by members of the Hawks’ National Serious Corruption Investigations, the three accused were arrested after they handed themselves over to the Pretoria Central Police station on 2 March 2026.

“In court, the State did not oppose their release on bail. The State submitted an affidavit from Investigating Officer Captain Clinton Leonard Arrikum, stating that the accused have no previous convictions or pending matters against them, that they do not pose a flight risk and that they will not disturb the public order when released on bail,” Mahanjana stated.

The case has been postponed to June for further investigations.

Meanwhile, the department said Minister Dr Aaron Motsoaledi has noted the arrests.

“At this juncture, the Minister is still in the dark about circumstances surrounding the arrest of the three. As soon as the Minister has been fully briefed about this matter, he will issue a statement.

“For now, all the Minister can say is that whatever the circumstances, the law must take its course,” the department said in a short statement. – SAnews.gov.za

NeoB

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Fuel prices to rise from Wednesday

Source: Government of South Africa

Fuel prices to rise from Wednesday

The Department of Mineral and Petroleum Resources (DMPR) has announced an increase of between 20c and 65c for all forms of fuels from Wednesday.

The fuel price adjustments are based on current local and international factors.

The following fuel price adjustments will be implemented:

  • Petrol 93 (ULP and LRP): 20c increase. 
  • Petrol 95 (ULP and LRP): 20c increase. 
  • Diesel (0.05% sulphur): 62c increase. 
  • Diesel (0.005% sulphur): 65c increase. 
  • Illuminating Paraffin (wholesale): 44c increase.
  • Single Maximum National Retail Price for Illuminating Paraffin: 58c increase. 
  • Maximum Retail Price of LP Gas: 23c increase and 26c per kilogram increase in the Western Cape.

“The average Brent Crude oil price increased from 64.08 US Dollars (USD) to 69.08 USD during the period under review. The main contributing factors are higher shipping rates and geopolitical uncertainty caused by the tension between the US and Iran, which could result in the disruption of crude oil supply in the Strait of Hormuz.

“The average international product prices followed the increasing trend of the crude oil price. These factors led to higher contributions to the Basic Fuel Prices of petrol, diesel, and illuminating paraffin by 37.53 cents a litre, 81.36 cents a litre, and 63.81 cents a litre, respectively.

“The prices of Propane and Butane increased during the period under review due to the cold weather in the Northern Hemisphere and tighter global supply,” the DMPR said.

Furthermore, the Rand strengthened against the dollar during the period under review, strengthening from R16.31 to R16.00 per USD.

“This led to higher contributions to the Basic Fuel Prices of petrol, diesel, and Illuminating Paraffin by 16.96 c/l, 19.20 c/l, and 19.21 c/l respectively,” the department said. – SAnews.gov.za

NeoB

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eThekwini wellness centre to strengthen employee wellbeing, service delivery

Source: Government of South Africa

eThekwini wellness centre to strengthen employee wellbeing, service delivery

The eThekwini Municipality has officially unveiled the SINAWE “We are with you” Wellness Centre, marking a significant milestone in its mission to deliver faster, smarter and more people-centred services to communities.

The state-of-the-art facility, located at 350 Montpelier Road in Morningside, opposite Mitchell Park Zoo, is designed to strengthen the wellbeing, resilience, and productivity of municipal employees in support of service delivery excellence.

The initiative underscores the municipality’s firm belief that empowered employees are the foundation of exceptional public service delivery, and that investing in employee health directly strengthens the city’s efficiency, responsiveness, and capability.

Speaking on behalf of eThekwini Mayor Cyril Xaba, Chairperson of the Governance and Human Resources Committee, Nkosenhle Madlala, described the launch as a transformative step toward building a healthier, and high-performing workforce.

“This significant milestone demonstrates the municipality’s commitment to building a healthy, resilient and high-performing workforce,” Madlala said.

He emphasised that the wellness centre represents more than the opening of a facility, as it signals the municipality’s dedication to a people-centred administration.

“This initiative recognises that our employees are our greatest asset and that their physical, emotional and psychological wellbeing is fundamental to service delivery excellence,” Madlala said.

The SINAWE Wellness Centre offers a comprehensive suite of emotional, psychological, and general wellness services tailored to promote holistic wellbeing and strengthen resilience among employees.

It forms part of a broader network of regional wellness hubs established to ensure all municipal employees have access to professional support, regardless of their location.

Director of the Human Resources Directorate, Sihle Mkhize, reiterated that employee wellness is central to the municipality’s ability to deliver quality services.

“By prioritising employee wellbeing, we are not only changing lives but also strengthening our ability to serve communities with excellence,” Mkhize said.

He noted that when employees are supported and thriving, communities experience tangible improvements in service delivery.

“A healthy workforce directly translates into improved productivity and enhanced service delivery to communities. When we invest in the wellness of our staff, we strengthen the very foundation upon which the municipality serves residents with dignity, efficiency, and compassion,” explained Mkhize.

The opening of the SINAWE Wellness Centre reflects the municipality’s unwavering commitment to putting employees first, driving organisational excellence and delivering meaningful results for communities.

It underscores the understanding that workforce wellbeing powers the city’s progress and propels eThekwini toward sustained service excellence.

Public invited to comment on draft annual report

Meanwhile, the municipality has invited and encouraged residents to submit comments and proposals on how the city can improve service delivery and enhance the wellbeing of all its citizens.

The 2024/25 Draft Annual Report is available on the municipal website at http://durban.gov.za, as well as Sizakala centres and libraries.

Copies of the report may also be requested via email at Noky.Nyasulu@durban.gov.za, or by calling 031 311 4208 for the report to be emailed, or for more information.

The deadline for public comments is Friday, 6 March 2026. – SAnews.gov.za
 

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Mercy Ships Supports National Response Following Cyclone Gezani in Madagascar

Source: APO – Report:

Following the devastating cyclone that struck Madagascar’s east coast, Mercy Ships (www.MercyShips.org) has joined with national disaster response efforts in Toamasina (Tamatave) through the provision of essential relief supplies, in coordination with the government’s disaster management authorities.

Cyclone Gezani caused extensive damage across the region, displacing thousands and severely affecting homes, public infrastructure, and healthcare facilities.

“In moments like these, partnerships and solidarity matter most,” said Nicholas Ahadjie, Country Director of Mercy Ships in Madagascar. “We are committed to supporting the national response and ensuring that assistance reaches communities where the needs are greatest.”

As part of its own immediate response, Mercy Ships has delivered 537 bags of rice, 1,000 roofing sheets, and 1,000 ready-to-eat meals. These supplies arrived in Toamasina and were officially handed over to the government’s Designated Disaster Response Coordination Body for distribution to affected communities.

The roofing materials will enable families, schools, and community health facilities to begin urgent repairs. The rice will be distributed to households impacted by the storm that still have functional cooking facilities, while ready-to-eat meals will provide immediate support to individuals and displaced families.

Although the Mercy Ships hospital vessel  Africa Mercy®, is currently undergoing scheduled maintenance in South Africa, preparations are underway for her return to Madagascar. Sometime this May, she is expected to resume surgical services and medical training programs in collaboration with the Ministry of Health.

“Our presence in Madagascar is on-going,” added Nicholas Ahadjie. “While the ship is in maintenance, our engagement with partners continues. We stand with the Malagasy people today and remain dedicated to strengthening healthcare capacity for the future.”

For several years, Mercy Ships has partnered with Madagascar to provide free specialized surgeries, professional medical training, and infrastructure support. The recent disaster will not stop the organization’s ongoing support for the Malagasy people as it continues to help reinforce their national health systems.

– on behalf of Mercy Ships.

ABOUT MERCY SHIPS:
Mercy Ships operates hospital ships that deliver free surgeries and other healthcare services to those with little access to safe medical care. An international faith-based organization, Mercy Ships has focused entirely on partnering with African nations for the past three decades. Working with in-country partners, Mercy Ships also provides training to local healthcare professionals and supports the construction of in-country medical infrastructure to leave a lasting impact.  

Each year, more than 2,500 volunteer professionals from over 60 countries serve on board the world’s two largest non-governmental hospital ships, the Africa Mercy® and the Global Mercy™. Professionals such as surgeons, dentists, nurses, health trainers, cooks, and engineers dedicate their time and skills to accelerate access to safe surgical and anesthetic care. Mercy Ships was founded in 1978 and has offices in 16 countries as well as an Africa Service Center in Dakar, Senegal. For more information, visit www.MercyShips.org and follow @MercyShips on social media. 

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VUKA Group Announces Partnership to Boost Smart Meter Security

Source: APO – Report:

VUKA Group (https://WeAreVUKA.com) announces a strategic partnership between the Standard Transfer Specification Association (STSA) and the DLMS User Association (DLMS UA) to advance secure, interoperable, and future-ready smart metering systems.

The collaboration bridges legacy prepaid electricity meters with modern smart metering, aligning STS token technology with the widely adopted DLMS/COSEM data model. This enables utilities to modernize while protecting existing investments, ensuring secure data exchange and strengthened smart prepayment integration.

The partnership supports seamless STS token integration with DLMS/COSEM protocols, coordinated roadmap development, and expansion across electricity, water, gas, and time metering applications. With STS recently reaffirmed by the International Electrotechnical Commission (IEC) and upgraded with enhanced encryption, the collaboration provides a trusted, sustainable path for interoperable smart metering worldwide.

Read more: https://apo-opa.co/4cYLeWl

– on behalf of VUKA Group.

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Verdant IMAP advises Polysmart on a strategic equity raise

Source: APO – Report:

Verdant IMAP (“Verdant”) (www.Verdant-Cap.com) is pleased to announce that it has advised Polysmart Packaging Group (“Polysmart” or the “Company”), a leading integrated recycled food-grade and non-food-grade recycled plastic manufacturer, on the successful close of a USD 5 million strategic equity investment from an African-focused private equity investor. The transaction provides growth capital to optimise operations, enhance production efficiency, and support Polysmart’s expansion into one of Nigeria’s most advanced rPET processing platforms, further positioning Polysmart as a globally competitive circular economy platform serving both domestic and international markets.

Founded in 2013 and headquartered in Ogun State, Nigeria, Polysmart has developed a rapidly scaling recycling and manufacturing platform spanning strategic partnerships across waste collection, sorting, aggregation, and the production of high-quality recycled plastic resins and flakes. The Company operates a state-of-the-art production facility supported by advanced European processing technology and adherence to international quality and environmental standards.

Polysmart is one of the largest suppliers of recycled plastic resins in Nigeria and a key producer food-grade / recycled polyethylene terephthalate (“rPET”) pellets for both domestic and export markets. Its customer base includes leading global beverage, bottling, and manufacturing companies, reflecting strong product quality, operational reliability, and compliance with international sustainability requirements.

The global rPET market is projected to grow at a compound annual growth rate of approximately 8.9% through 2032, according to the Persistence Market Research, driven by tightening environmental regulation, mandatory recycled content targets in Europe and other developed markets, and increasing corporate sustainability commitments from multinational brands. As global buyers seek diversified, resilient, and traceable supply chains, scalable rPET producers with consistent quality standards are well positioned to capture long-term structural demand.

Polysmart operates at the intersection of advanced manufacturing and environmental sustainability. By strengthening partnerships across the waste collection ecosystem and converting plastic waste into high-quality resins and flakes, the Company enhances recycled supply chains and supports global brands in achieving recycled content and carbon reduction targets. Its progressively integrated model enhances traceability, product consistency, and supply reliability – key differentiators in international rPET markets.

The equity investment marks an important milestone in Polysmart’s institutionalization and growth trajectory. Verdant IMAP acted as exclusive financial advisor to Polysmart on the transaction. This deal reinforces Verdant’s commitment to supporting globally relevant, climate-aligned industrial businesses across Africa.

– on behalf of Verdant Capital.

Media contacts:
Verdant IMAP
Orient Mahonisi
T: +27 10 140 3700
E: orient.mahonisi@verdant-cap.com

About Verdant IMAP: 
Verdant IMAP is a leading pan-African investment bank specialising in mergers and acquisitions (M&A) and private capital markets. Combining international investment banking experience with a deep understanding of local markets, Verdant IMAP helps clients access global capital and strategic partnerships to drive growth and transformation across the continent. Verdant IMAP is the IMAP partner firm for its region. IMAP is a global M&A partnership with over 600 professionals across 51 countries and is consistently ranked among the top 5 advisors worldwide for mid-market transactions. www.Verdant-Cap.com

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