An investment delegation from Mauritius recently met with Egyptian officials to explore the establishment of a significant e-waste recycling project in Egypt. The meeting, led by Mr. Hossam Heiba, CEO of the General Authority for Investment and Free Zones, underscored the promising potential of the Egyptian market for both local and international investors in the e-waste recycling industry.
Strategic Collaboration
The delegation included prominent figures from the Mauritian business community, such as Mr. Mike Hepworth and Mr. Basil Botha, founding partners of Greentech Group, which specializes in metal recycling. Also present were Mr. Qaiser Akbar, Chairman of Baycrest Energy, focusing on sustainable energy solutions; Mr. Omar Hussein, CEO of Biocom, economic consulting; Mr. Nitin Kollaben, Managing Director of Strafin Financial Services; and Ms. Jennifer Orr, Commercial Director of ENL Property, which specializes in construction.
Mr. Omar Hussein articulated the business community’s strong interest in enhancing cooperation between Mauritius and Egypt, emphasizing the need for a strategic partnership between one of sub-Saharan Africa’s leading financial centers and the continent’s foremost investment destination.
E-Waste Recycling: A Growing Sector
Mr. Basil Botha detailed the group’s ambitious plan to establish a major e-waste recycling project in Egypt. The initiative aims to recover five key metals—gold, platinum, silver, palladium, and copper—commonly found in electronic devices, while also converting plastic waste into fuel. Notably, these five metals constitute roughly 30% of the components of electronic devices, with the remaining 70% being plastic.
The project aligns with global trends, as the world generates approximately 10 million tons of e-waste annually. By employing environmentally friendly technology to separate and recycle electronic components, the initiative promises to reduce the demand for newly mined metals and promote sustainable practices in waste management.
Promising Investment Climate
Mr. Hossam Heiba highlighted the burgeoning e-waste recycling industry in Egypt, indicating that the country has already attracted significant local and foreign investment in this sector. The annual volume of e-waste in Egypt is estimated at 90,000 tons, presenting a substantial opportunity for growth and innovation.
He further reviewed various investment opportunities and potential partnerships available to both local and international investors, reinforcing Egypt’s commitment to fostering a conducive environment for sustainable investments.
Conclusion
The meeting between the Mauritian delegation and Egyptian officials marks a significant step toward establishing a strategic partnership aimed at addressing the pressing issue of e-waste in Egypt. With the combined expertise of Mauritian companies and the favorable investment climate in Egypt, this initiative could pave the way for a transformative approach to recycling and sustainability in the region. As the global community increasingly prioritizes environmental responsibility, Egypt stands poised to become a leader in the e-waste recycling industry, benefiting from both local and international collaboration.
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