Aavishkaar Capital secures Ksh5.1 billion JICA Investment for Kenyan and African SMEs- TV47 News, Kenya

Aavishkaar Capital, a leading impact investment fund manager, has secured a strategic investment of USD 40 million (Ksh5.1 billion) from the Japan International Cooperation Agency (JICA) into its Global Supply Chain Support Fund (GSCSF) to boost access to finance for small and medium-sized enterprises (SMEs) across Africa and Asía.

The decision was announced in a speech by Japanese Prime Minister Shigeru Ishiba, at the “Economic Partnership in Indian Ocean – Africa Forum”.

The forum was convened in conjunction with the TICAD 9 (Tokyo International Conference on African Development), which is being held in Yokohama, Japan, throughout the week. The fund is being managed by Aavishkaar Capital , a leading impact investment group which is headquartered in Mumbai, India.

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