Fiftyfaces — PODCAST — Raymond Onovwigun Of Romco Group – How Recycling Metal is Key to Achieving Each of the E, the S and the G
Aoifinn Devitt, Founder and host of Fiftyfaces Focus Nigerian Voices Podcast, interviewed Raymond Onvovwigun, Romco Group Founder and CEO, on her latest release launched today.
Aoifinn dives deep into Raymond’s upbringing, how the business came about, the unique aspects of being a dual national Nigerian / UK entrepreneur, and some of the greatest challenges Raymond has faced building Romco. It’s an insightful delve into the mind of our founder Raymond, and a special look into his character, what motivates him, and what’s next for the fast-growing recycler.
He saw the opportunity to recycle scrap metal in Nigeria on a trip there and his business started on a small patch of land behind a gas station belonging to his aunt. The start was slow, and we hear how plans were briefly derailed by a near fatal bout of typhoid and malaria. This setback motivated him to raise capital in London in order to properly build out the business, which he did starting from that small patch of land and ultimately expanding it.
We start about how he built this business through winning the trust and support of backers who saw his drive and ultimately who identified with the vision statement. We talk about the importance of having a vision or a charter and set of values that is an anchor as to how a business will be run, and the value system which includes integrity, efficiency, boldness and sustainability.
We move to discuss Africa and why Raymond believes that is it the biggest gap in sustainability infrastructure, and the huge potential that the continent holds in terms recycling. We speak about the lack of capital flowing to African ventures, and how perceptions of the investment opportunity can get distorted.
We ultimately talk about why this business marries each of the E the S and the G – the environmental impact of a sustainable recycling business, with the Social impact of the employment created and the business provided to a generation of African entrepreneurs and the Governance impact of a business that is values driven.
This podcast series is brought to you with the kind support of:
Romco Metals, producers of truly green aluminium, copper, and other non-ferrous metals from the African continent, dedicated to decarbonising supply chains across the globe by recycling our way to a sustainable future. Romco: Invest, Reduce, & Grow; and
Mbuyu Capital Partners, an investment company focusing exclusively on Africa, managing portfolios of funds and direct investments for institutional clients and impact investors.