Paul Arithi 
Darren Lobo, director at Aavishkaar Capital
- Aavishkaar Capital makes fourth Africa investment with loan to Horizon Group;
Indian fund manager Aavishkaar Capital has announced its fourth investment in Africa, extending a loan to Horizon Group Africa.
The provision is in partnership with Germany’s state-owned development bank, KfW.
Notably, the financing has been provided through the Global Supply Chain Support Fund (GSCSF).
The latest backing is aimed at strengthening Horizon Group Africa’s operations, with a focus on improving resilience and sustainability across its supply chain.
The Horizon Group, founded in Nigeria in 2006, aggregates and processes high-value whole spices such as ginger, turmeric, cloves, cinnamon, cardamom and black pepper through its facilities in Nigeria, Tanzania, and Madagascar.
It supplies markets in the EU, Asia, and the United States.
The loan seeks to help the company purchase raw materials and meet growing demand from international buyers.
Commenting on the credit, Jomy Antony, CEO of Horizon Group said the funds will propel the African spice exporter into its next phase of growth.
“We are pleased to partner with Aavishkaar Capital as we embark on the next phase of our growth journey,” Antony said.
“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.”
On his part, Darren Lobo, director at Aavishkaar Capital, expressed his delight to partner with the Horizon Group, hailing the exporter’s management team, which brings over 80 years of combined expertise in spice growing and trading.
“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 said.
The Global Supply Chain Support Fund (GSCSF), valued at $250 million, is dedicated to investments across Africa and Asia.
The fund focuses on strengthening businesses that drive sustainable supply chains and foster regional economic growth.
In Africa, GSCSF has already made three notable investments.
These include Hela Apparel Holdings, a manufacturer of ethically produced clothing that provides end-to-end supply chain solutions with a strong emphasis on sustainability and innovation.
Other beneficiaries are Balaji EPZ, an apparel company with more than two decades of experience supplying denim to leading global brands, and Privamnuts, a Kenyan processor and exporter of macadamia nuts that serves customers across Europe, the United States and the Far East.
Aavishkaar Capital is a global pioneer in taking an entrepreneurship-based approach to scaling businesses for impact.
By tapping into the Global Supply Chain Support Fund, the partnerships seek to address financing gaps that hinder growth for African enterprises, particularly in sectors vital to regional development.
