Aavishkaar Capital Invests $5mn in Horizon Group Africa to boost spice processing- Coverage in Businessday Nigeria

Aavishkaar Capital, through its Global Supply Chain Support Fund (GSCSF), has announced a $5 million loan investment in Horizon Group Africa to strengthen the company’s operations and expand its spice processing business across the continent

This marks GSCSF’s eighth global investment and the fourth in Africa, backed in collaboration with Germany’s state-owned development bank, KfW.

Founded in Nigeria in 2006, Horizon Group operates spice processing facilities in Nigeria, Tanzania, and Madagascar.

The company sources and processes high-value spices, including ginger, turmeric, cloves, cinnamon, cardamom, and black pepper, supplying clients across Europe, Asia, and the United States.

With demand for organic spices rising globally, Horizon has built direct relationships with over 3,000 farmers, providing training in sustainable agricultural practices and organising them into cooperatives for certification and traceability.

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