Aavishkaar Capital backs African spice exporter

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 supplying markets in the EU, Asia, and the United States. The loan will help the company purchase raw materials and meet growing demand from international buyers.

“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,” said Jomy Antony, CEO of Horizon Group.

Commenting 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.”

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