Aavishkaar Capital Invests $5M in Horizon Group to Boost African Spice Exports

In a major boost to Africa’s agricultural exports, Aavishkaar Capital, a part of the Aavishkaar Group renowned for its entrepreneurship-led, impact-driven investment approach, has announced a USD 5 million loan to Horizon Group Africa.

The funding has been facilitated through the Global Supply Chain Support Fund (GSCSF), a USD 250 million initiative launched in collaboration with German development bank KfW, aimed at scaling businesses across Africa and Asia.

This investment marks the GSCSF’s fourth deployment in Africa and its eighth globally. The fund is strategically focused on strengthening sustainable supply chains while delivering commercial returns and measurable Environmental, Social, and Governance (ESG) outcomes.

Horizon Group Africa, which operates spice aggregation and processing facilities in Nigeria, Tanzania, and Madagascar, will use the loan to meet working capital needs — specifically the procurement of raw materials to fulfill growing international orders.

The company supplies premium whole spices such as ginger, turmeric, cloves, cinnamon, cardamom, and black pepper to customers across Europe, Asia, and the United States.

Founded in 2006 in Nigeria, Horizon Group originally operated across diverse trading sectors including agro-commodities, processed foods, and furniture. In 2017, the company sharpened its focus exclusively on high-value spice sourcing, processing, and export.

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