Lagos/Amsterdam — After years of struggling to make a living selling recyclable parts from electronic waste recovered in Africa, Dutchman Joost de Kluijver realised he needed a new business model if his firm was going to survive.
So in 2016, Closing the Loop began tagging a fee onto new device purchases by its clients, which include major bank ABN Amro and the Dutch government. By adding roughly €5 per phone and €15 per laptop, Closing the Loop now funds electronic waste collections in a string of African countries including Nigeria, Ghana and Cameroon, and ships it to a recycling facility in Italy...
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