نورهان فؤاد
- Egypt’s DAWAR secured nine-figure funding from GlobalCorp, Tawasoa, and CIB.
- The platform has recorded more than 90,000 tons of recyclable materials across 22 Egyptian governorates.
- The funding will support DAWAR’s verification and material-tracking infrastructure, while the company explores expansion into nearby African markets.
Egyptian platform DAWAR, which specializes in digitally tracking recyclable materials, has secured nine-figure funding from GlobalCorp, Tawasoa, and the Commercial International Bank CIB to support its operations and expand its verification and material-tracking infrastructure.
Founded in 2017, DAWAR works on digitizing the tracking of recyclable waste between collection points and traders, helping improve transparency across the recycling sector and increase the efficiency of material flows from collection to trading.
The company said it has recorded more than 90,000 tons of recyclable materials across 22 Egyptian governorates to date, reflecting its growing presence in the local market and its role in building a more organized digital infrastructure for recyclable waste trading.
The new funding will support DAWAR’s expansion in verification and material-flow tracking, while strengthening its ability to document recyclable waste movements in line with regulatory requirements and the growing transparency demands of international markets.
According to DAWAR, waste documentation and tracking help companies and sector participants meet regulatory requirements and respond to international market demands for transparency. The company also said its platform can help facilitate financing for the trading of recyclable materials.
DAWAR is currently studying opportunities to expand beyond Egypt into nearby African markets that share similar characteristics with the local market, particularly in terms of waste-sector infrastructure and recycling systems.
The company had previously acquired a stake in Egypt-based BekyaPay to expand its local digital recycling network and strengthen integration within Egypt’s recycling ecosystem.
The funding highlights growing interest in digital solutions for waste management and recycling, especially as the sector increasingly needs more accurate systems for material tracking, transparency, and coordination across the value chain.
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