Bank Loan Secures Recycling Jobs in Namibia

29 March 2011

Namibian recycling company, Wilco Recycling, which compacts material for export to South Africa, has received a business loan from the Development Bank of Namibia.

The company collects bottles and cans, crushing and baling them for export to South Africa.

According to the company the loan will enable it to cut operational costs, increase profits by almost 50% and make the business more sustainable and profitable.
Having worked in the industry for 10 years, Willem Coetzee, the company proprietor, started the recycling business after finding himself unemployed, and now has operations in Rehoboth, Ondangwa and Oshikango.

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