Aavishkaar Capital Invests $5m In Horizon Group

Aavishkaar Capital, done its Global Supply Chain Support Fund, has invested $5 cardinal successful Horizon Group Africa, a spice processing institution operating successful Nigeria, Tanzania, and Madagascar.

This strategical concern aims to enactment Horizon Group’s moving superior needs and facilitate its maturation into 1 of Africa’s largest spice processing companies.

Aavishkaar Capital stated that this is its 4th concern successful Africa successful collaboration with KfW, the German state-owned concern and improvement bank.

“The concern has been facilitated by the Global Supply Chain Support Fund, providing a indebtedness of $5 cardinal to the Horizon Group Africa. This is the eighth wide concern by GSC Support Fund crossed the Global South and the 4th concern successful Africa,” it said.

The institution said the Global Supply Chain Support Fund is simply a $250 cardinal money focused connected investments successful Africa and Asia. Its mandate is to present beardown Environmental, Social, and Governance (ESG) outcomes portion achieving some commercialized returns and affirmative societal impact.

The CEO of Horizon Group, Jomy Antony, said, “We are pleased to spouse with Aavishkaar Capital arsenic we embark connected the adjacent signifier of our maturation journey. Their acquisition successful scaling businesses, strengthening governance systems, enabling entree to planetary lawsuit markets, and unlocking superior volition beryllium invaluable arsenic we physique Horizon into the starring African spice processing company.”

Speaking connected the investment, Darren Lobo, manager astatine Aavishkaar Capital, said, “We are delighted to spouse with the Horizon Group’s exceptional absorption team, which brings implicit 80 years of combined expertise successful spice increasing and trading, to physique 1 of Africa’s largest spice processing companies.

“We profoundly worth Horizon’s impactful workplace hold works with much than 3,000 farmers crossed distant regions of Tanzania, Madagascar, and Nigeria, arsenic good arsenic the strong, semipermanent relationships they person cultivated with apical planetary customers implicit the past 5–8 years,” Lobo stressed.

KfW’s caput of division, Dr. Markus Aschendorf, added that “our concern successful the Horizon Group done the Global Supply Chain Support Fund reflects KfW’s committedness to strengthening sustainable proviso chains crossed Africa and Asia.

“We judge that purpose-driven superior tin catalyze meaningful ESG translation portion unlocking inclusive growth. Horizon’s enactment successful ethical sourcing and regenerative agriculture aligns with our imaginativeness for resilient, ecologically conscious businesses that are acceptable to conscionable planetary standards and thrive successful planetary markets.”