Aavishkaar Capital & KfW Back Horizon Group Africa To Boost Spice Exports

Aavishkaar Capital, the impact investment arm of the Aavishkaar Group (founded in 2001 by Vineet Rai), has made its fourth investment in Africa through its Global Supply Chain Support Fund (GSCSF), backing spice processor Horizon Group Africa in partnership with Germany’s development bank KfW.

Founded in 2006 in Nigeria by Jomy Antony, Horizon Group aggregates and processes spices such as ginger, turmeric, cloves, cinnamon, cardamom and black pepper from Nigeria, Tanzania and Madagascar, supplying markets in Europe, Asia and the U.S. The new loan will support Horizon’s working capital and allow the company to triple its farmer network to 10,000 within three years, expand processing capacity, and strengthen traceability and organic certification.

“This partnership allows us to scale our model, empower more farmers, and ensure that Africa’s spices command their rightful place in global markets,” said Antony.