African startup secures multimillion-dollar funding

Kubik has become the first Ethiopian company to gain major investment in recycling

Ethiopian tech startup Kubik has become the first company of its kind to secure multimillion-dollar funding for a sustainability project in the country, the AFROTECH news agency reported on Thursday.  

The startup, established in 2021 by Kidus Asfaw and Penda Marre, operates a factory at the Adama Industrial Park in Addis Ababa and specializes in transforming plastic waste into low-carbon bricks...