Japan International Cooperation Agency (JICA), the Japanese government’s development agency, has announced an investment of $40 million in Aavishkaar Capital’s Global Supply Chain Support Fund. The aim is to boost small and medium-sized businesses (SMEs) in Asia and Africa that create social and environmental impact. The announcement was made by Japanese Prime Minister Shigeru Ishiba at the “Economic
Partnership in Indian Ocean – Africa Forum.” The fund, managed by Aavishkaar Capital, will provide credit to private companies working in key supply chains such as agriculture, food processing, and manufacturing. Many of these businesses are in emerging economies like India and Africa, where they play an important role in local development.
JICA’s support will not only strengthen global supply chains but also help expand Aavishkaar Capital’s presence beyond India into Africa and other parts of Asia. This investment is expected to promote inclusive and sustainable growth across the Indian Ocean region. So far, the Global Supply Chain Support Fund has already invested in eight businesses across Asia and Africa, focusing on climate-friendly and socially impactful sectors.
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