Aavishkaar Capital’s US$250 mn Fund Backs Horizon Group Africa to Scale Operations
Aavishkaar Capital, a company of Aavishkaar Group, has announced its fourth investment in Africa into spice processor Horizon Group Africa...
✨ Key Highlights
Aavishkaar Capital has made its fourth investment in Africa, backing Horizon Group Africa, a spice processor, with a loan from its Global Supply Chain Support Fund (GSCSF).
- The investment, facilitated in collaboration with KfW, will support Horizon Group Africa's working capital needs, specifically for raw material purchases.
- The Horizon Group, founded by Jomy Antony, aggregates and processes spices like ginger and turmeric through facilities in Nigeria, Tanzania, and Madagascar, supplying markets in the EU, Asia, and the United States.
- The new funding aims to more than triple Horizon Group Africa's outreach to 10,000 farmers within three years and boost processing capacity.
- Aavishkaar Capital's GSCSF has previously invested in Privamnuts, a Kenyan macadamia nut processor, and apparel manufacturers Hela Apparel Holdings in Mauritius and Balaji EPZ in Kenya.
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New Financial Initiatives Target Africa for Green Growth, Cross-Border Payments, and Business Operations - September 2025
The Second Africa Climate Summit in Addis Ababa opened with a call for unlocking trillions in funding for green growth, urging global financial reforms. Leaders at the summit emphasized Africa's potential as a climate solution provider. In the financial technology sector, global B2B payments platform Verto has launched the Atlas Suite, a new set of API-first solutions to simplify cross-border transactions across the continent. This suite aims to address challenges such as regulatory complexity and currency volatility. Additionally, Aavishkaar Capital made its fourth investment in Africa by backing spice processor Horizon Group Africa with a loan from its Global Supply Chain Support Fund (GSCSF) to help scale its operations.
