Paul Arithi 
Aavishkaar Capital is delighted to share that Japan International Cooperation Agency (JICA) has announced an investment of USD 40Mn. in its Global Supply Chain Support Fund to boost impact investments across Asia and Africa.
The decision was announced in a speech by the Hon. Japanese Prime Minister Shigeru Ishiba at the “Economic Partnership in Indian Ocean – Africa Forum”.
The forum was convened in conjunction to the TICAD 9 (Tokyo International Conference on African Development), which is being held in Yokohama, Japan, throughout the week.
Talking about the investment, Founder & Managing Partner, vineet rai said, “We are honoured to welcome JICA’s strategic investment in our Global Supply Chain Support Fund targeting the Global South.
This collaboration builds upon a decade of our relationship and reflects the long-standing tradition of Indo‑Japan economic cooperation.
Together, we are committed to advancing shared values of sustainable growth and transformative opportunities for SMEs across the African & Asian continent and look forward to a long and an impactful alliance.”
The Global Supply Chain Support Fund is a USD 220 Mn.fund set up in partnership with KfW, a German state-owned development bank, and is the 8th Fund of Aavishkaar Capital investing in businesses that operate across global supply chains and in sectors having significant climate and social impact.
Speaking at the event, Mikio Hataeda, Senior Vice President, JICA, said, “We are honoured to invest in the Aavishkaar Fund, with which JICA has a long-standing relationship and has achieved significant impact in India.
By investing in the fund and entering a new chapter of collaboration with the Aavishkaar Group, we hope to elevate the well-established India-Japan partnership and further strengthen our commitment to impact investment in Africa and Asia.”
