Circular Economy Forum in Tanzania-GCNTAGM2019
TakaCycle was one of the stakeholders invited in a forum of United Nations Global Compact Network in Tanzania that addressed the potential of circular design to starting a business based on circular economy principles to push businesses to re-think ways of running and managing its service and products.
The forum encouraged intensive discussion on activities seeking to bring out value out of waste streams and other collaborative economy sectors.
What do Circular Economy concepts mean?
it’s an economic concept aiming at eliminating waste and the continual use of resources. Circular systems employ 3R concepts which are Reduce, Recycle and Re-use
Does Takacycle comply with Circular Economy concepts?
Yes, TakaCycle is one of the business and service enterprises that vividly comply with circular economy concepts as shown below:
Takacycle deals with smart waste collection in a populated community at a low cost and captures waste value by recycling collected waste into other products. i.e organic waste into animal food.
The process is efficient, effective and environmentally friendly as it turns waste products into other useable products and energy in the future.
Important tips of Circular Economy Concepts
- Product cycle
Waste products should be the raw materials for another process: either a by-product or recovered resource for another industrial process.
2. Recycling opportunities
Environmentally friendly choice of materials or product packages should be used in business enterprises to offer recyclable by-products to be used for other industrial processes.
3. Close-loop system
The system should be minimizing the use of resources and the creation of waste in such a way for created waste should be a product again instead of being dumped.