Aavishkaar Capital has deepened its footprint in Africa with its fourth investment on the continent, extending a loan facility to Horizon Group Africa. This funding initiative is in collaboration with KfW, Germany’s state-owned development bank, and is backed by the Global Supply Chain Support Fund (GSCSF), a $250 million fund dedicated to strengthening supply chains across Africa and Asia.
Founded in Nigeria in 2006, Horizon Group Africa specializes in the aggregation and processing of premium whole spices, including ginger, turmeric, cloves, cinnamon, cardamom, and black pepper. Operating through strategically located facilities in Nigeria, Tanzania, and Madagascar, the company supplies high-quality spice products to international markets across the European Union, Asia, and the United States.
The loan will enable Horizon Group to scale its operations by purchasing larger volumes of raw materials and meeting the increasing demand from global buyers. This financial support is expected to enhance the company’s capacity to deliver consistent, high-grade spice products while deepening its engagement with smallholder farmers across Africa.
Jomy Antony, CEO of Horizon Group, expressed enthusiasm about the partnership:
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.
Darren Lobo, Director at Aavishkaar Capital, highlighted the strategic importance of the investment:
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 work 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.
This investment marks the fourth African venture under the GSCSF, which aims to bolster sustainable and inclusive supply chains. Previous investments include:
- Hela Apparel Holdings – A socially responsible clothing manufacturer offering end-to-end supply chain solutions with a strong emphasis on sustainability and innovation.
- Balaji EPZ – A seasoned apparel company with over two decades of experience supplying denim products to leading global brands.
- Privamnuts – A Kenyan enterprise specializing in the processing and export of macadamia nuts to markets in Europe, the United States, and the Far East.
Through these strategic investments, Aavishkaar Capital and its partners continue to support high-impact businesses that drive inclusive growth, empower local communities, and strengthen global supply chains.
