18/09/2024
🌍 Exciting news in sustainability! Metier's Sustainable Capital Fund II, supported by RMB, has acquired Mertech Marine, pioneering eco-friendly infrastructure in Africa.
Mertech Marine specializes in recycling undersea cables, drastically reducing greenhouse gas emissions. This acquisition aligns with Metier’s commitment to environmental sustainability and a circular economy. Through the recovery of over 105,000km of decommissioned cables, Mertech Marine has reclaimed valuable materials like copper and plastic, cutting down GHG emissions by approx. 50,000 tonnes annually.
This strategic move not only supports eco-friendly practices but also boosts job creation and economic growth in South Africa and beyond. 🌱
How do you think this acquisition will impact sustainable infrastructure development in Africa? Share your thoughts!