Nafasi Secures $9.8M To Safeguard Water Security

💧 Meet Nafasi Water

• Nafasi is a South African firm that builds large-scale water treatment and desalination plants.

• They just closed a $9.8M equity funding round to help fix water security issues in the region.

• Investor check. Norfund led the deal. E Squared Investments also joined the round as an existing shareholder.

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🏜️ Dealing with the Dry

• Southern Africa is facing serious water shortages and heavy pollution from old mining sites.

• Nafasi cleans up acid mine drainage to turn industrial waste into clean drinking water.

• This helps businesses and local towns get the reliable supply they need to keep running.

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♻️ Turning Waste into Value

• The team uses a project-financed model to build and run massive, complex facilities.

• They also pull useful chemicals and minerals out of the waste while they purify the water.

• This circular approach means almost nothing gets thrown away during the treatment process.

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🌍 Scaling the Setup

• The new cash will go toward stablizing their existing site operations of water treatment.

• Expansion of waste-to-value solutions is also undergoing, with the circular economy approach as a key component.

• They want to scale project finance model to delivery better infrastructure projects where public funding is not enough.