Romco operates metals recycling sites across Sub‑Saharan Africa and produces recycled metals for blue‑chip automotive and industrial OEMs. Its recycling facilities produce aluminium using around 95% less power and water versus primary production. The company aims to produce 100,000 metric tonnes a year by 2025 through the operation of seven plants and plans to open five more factories to raise Africa’s recycling rate to 5% within five years. Romco has a Small Business Buying Programme and invests in local supply‑chain partners to scale operations. Financially, Romco reported significant growth in 2021 with quarterly revenues of $9.1M and recycling levels up 220% year‑over‑year, with quarterly revenues forecast to more than double to $20–$25M in 2022. The business projects significant environmental impact, estimating a reduction of 338,000 tCO2 per annum and annual electricity savings of 1.2 million MWh.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2022