ICDC invests Sh420m in firm that converts plastic waste into energy

ICDC Chairman Francis Kimemia. FILE PHOTO | NMG

The Industrial and Commercial Development Corporation has invested Sh420 million in a start-up which converts plastic trash into cash in the form of usable forms of energy.

The State-backed financier has taken equity in Alternative Energy Systems Ltd, cash that has been used to construct buildings and buy and install machinery and equipment.

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