Aavishkaar Capital gets $40mn JICA investment to unlock growth for Kenyan, African SMEs
NAIROBI, Kenya, Aug 27 – Aavishkaar Capital, an impact investment fund manager, has secured $40 million from the Japan International Cooperation Agency Kenya breaking news | Kenya news today |..
✨ Key Highlights
Aavishkaar Capital, an impact investment fund manager, has secured $40 million from the Japan International Cooperation Agency (JICA) for its Global Supply Chain Support Fund (GSCSF) to boost growth for Kenyan and African SMEs.
- This financing aims to unlock growth for SMEs in Africa and Asia, specifically targeting a Sh1.3 trillion annual financing gap for Kenyan SMEs.
- The investment was announced by Japanese Prime Minister Shigeru Ishiba during the Economic Partnership in Indian Ocean–Africa Forum, held alongside TICAD9 in Yokohama, Japan.
- The GSCSF, managed by Mumbai, India-headquartered Aavishkaar Capital, focuses on private companies in agriculture, food processing, and manufacturing supply chains, providing non-dilutive credit.
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JICA Invests $40M in Aavishkaar Capital; CMA Approves EAPC Stake Sale; Access Bank Finalizes NBK Buyout - August 2025
Aavishkaar Capital, an impact investment fund manager, has secured a $40 million investment from the Japan International Cooperation Agency (JICA) for its Global Supply Chain Support Fund to support Kenyan and African SMEs. In another deal, the Capital Markets Authority (CMA) has approved the sale of Holcim Limited’s 29.2% stake in East African Portland Cement (EAPC) Plc to Kalahari Cement Limited. Kalahari Cement is a Kenyan investment company linked to Tanzania’s Amsons Group. Additionally, Access Bank has finalized its acquisition of National Bank of Kenya (NBK). This development coincides with a High Court ruling that provided a partial win for over 130 former NBK employees in their legal battle for pension benefits.
