Rising Tide Africa backs used cooking oil firm Ororo Waste with $1 million

Rising Tide Africa, a women-led pan-African angel investment network, has committed up to ₦1.4 billion ($1 million) to Ororo Waste Management Limited, a Lagos-based used cooking oil (UCO) waste management company, to expand its collection infrastructure and working capital.

Ororo Waste, Lagos State’s partner for institutional-scale UCO collection and export, received the first allocation on September 16, with additional funding potentially available through December 16. The new capital will finance the purchase of used cooking oil from its collector network…