JICA invests $40 Mn in Aavishkaar Capital’s Global Supply Chain Support Fund

Japan International Cooperation Agency (JICA), Japan’s governmental agency for official development assistance, announced an investment of $40 million into Aavishkaar Capital’s ‘Global Supply Chain Support Fund’ to support enterprises across Asia and Africa to unlock inclusive and sustainable growth.

The decision was announced in a speech by Japanese Prime Minister Shigeru Ishiba at the “Economic Partnership in Indian Ocean - Africa Forum.” The fund is being managed by Aavishkaar Capital, a leading impact investment group.

Utilizing JICA’s upcoming contribution to the fund, Aavishkaar Capital as a fund manager will provide credit to private corporations operating in Africa, India, and other parts of emerging Asia. These businesses are involved in a variety of international supply chains, including those in agriculture, food processing, and manufacturing. JICA’s commitment aims to support small and medium-sized enterprises (SMEs) whose businesses have a significant social and environmental impact.

By investing in the Global Supply Chain Support Fund, JICA will help Aavishkaar Capital expand into the emerging markets of Africa and Asia, beyond India, thereby contributing to the development of the wider Indian Ocean region and the global supply chain.

The fund invests in businesses that operate across global supply chains and in sectors having significant climate and social impact. The GSC Support Fund has already made 8 investments across Asia and Africa.

Aavishkaar Capital is an impact fund manager focused on the Global South. The firm invests in sectors such as sustainable agriculture, financial inclusion, and essential services across India, Emerging Asia, and Sub-Saharan Africa. It has raised eight funds, delivering commercial returns with approximately $550 million in assets under management.