Waste management is one of the challenges facing countries globally, leading to the need for innovative ways to design and operationalize smart waste bins for effective waste collection and management. The inability of extant waste bins to facilitate sorting of solid waste at the point of collection and the attendant impact on waste management process is the motivation for this study. The South African University of Technology (SAUoT) is used as a case study because solid waste management is an aspect where SAUoT is exerting an impact by leveraging emerging technologies. In this article, a convolutional neural network (CNN) based model called You-Only-Look-Once (YOLO) is employed as the object detection algorithm to facilitate the classification of waste according to various categories at the point of waste collection. Additionally, a nature-inspired search method is used as learning rate for the CNN model. The custom YOLO model was developed for waste object detection, trained with different weights and backbones, namely darknet53.conv.74, darknet19_448.conv.23, Yolov4.conv.137 and Yolov4-tiny.conv.29, respectively, for Yolov3, Yolov3-tiny, Yolov4 and Yolov4-tiny models. Eight (8) classes of waste and a total of 3171 waste images are used. The performance of YOLO models is considered in terms of accuracy of prediction (Average Precision-AP) and speed of prediction measured in milliseconds. A lower loss value out of a percentage shows a higher performance of prediction and a lower value on speed of prediction. The results of the experiment show that Yolov3 has better accuracy of prediction as compared with Yolov3-tiny, Yolov4 and Yolov4-tiny. Although the Yolov3-tiny is quick at predicting waste objects, the accuracy of its prediction is limited. The mean AP (%) for each trained version of YOLO models is Yolov3 (80%), Yolov4-tiny (74%), Yolov3-tiny (57%) and Yolov4 (41%). This result of mAP (%) indicates that the Yolov3 model produces the best performance results (80%). In this regard, it is useful to implement a model that ensures accurate prediction to develop a smart waste bin system at the institution. The experimental results show the combination of KSA learning rate parameter of 0.0007 and Yolov3 is identified as the accurate model for waste object detection and classification. The use of nature-inspired search methods, such as the Kestrel-based Search Algorithm (KSA), has shown future prospect in terms of learning rate parameter determination in waste object detection and classification. Consequently, it is imperative for an EdgeIoT-enabled system to be equipped with Yolov3 for waste object detection and classification, thereby facilitating effective waste collection.