Aavishkaar Capital, through its Global Supply Chain Support Fund, has invested $5 million in Horizon Group Africa, a spice processing company operating in Nigeria, Tanzania, and Madagascar.
This strategic investment aims to support Horizon Group’s working capital needs and facilitate its growth into one of Africa’s largest spice processing companies.
Aavishkaar Capital stated that this is its fourth investment in Africa in collaboration with KfW, the German state-owned investment and development bank.
“The investment has been facilitated by the Global Supply Chain Support Fund, providing a loan of $5 million to the Horizon Group Africa. This is the eighth overall investment by GSC Support Fund across the Global South and the fourth investment in Africa,” it said.
The company said the Global Supply Chain Support Fund is a $250 million fund focused on investments in Africa and Asia. Its mandate is to deliver strong Environmental, Social, and Governance (ESG) outcomes while achieving both commercial returns and positive social impact.
The CEO of Horizon Group, Jomy Antony, said, “We are pleased to partner with Aavishkaar Capital as we embark on the next phase of our growth journey. Their experience in scaling businesses, strengthening governance systems, enabling access to global customer markets, and unlocking capital will be invaluable as we build Horizon into the leading African spice processing company.”
Speaking on the investment, Darren Lobo, director at Aavishkaar Capital, said, “We are delighted to partner with the Horizon Group’s exceptional management team, which brings over 80 years of combined expertise in spice growing and trading, to build one of Africa’s largest spice processing companies.
“We deeply value Horizon’s impactful farm extension works with more than 3,000 farmers across remote regions of Tanzania, Madagascar, and Nigeria, as well as the strong, long-term relationships they have cultivated with top global customers over the past 5–8 years,” Lobo stressed.
KfW’s head of division, Dr. Markus Aschendorf, added that “our investment in the Horizon Group through the Global Supply Chain Support Fund reflects KfW’s commitment to strengthening sustainable supply chains across Africa and Asia.
“We believe that purpose-driven capital can catalyze meaningful ESG transformation while unlocking inclusive growth. Horizon’s work in ethical sourcing and regenerative agriculture aligns with our vision for resilient, ecologically conscious businesses that are ready to meet global standards and thrive in international markets.”
