The Japan International Cooperation Agency (JICA), Japan’s governmental agency for official development assistance, has announced a $40 million investment into Aavishkaar Capital’s Global Supply Chain Support Fund to promote inclusive and sustainable growth across Asia and Africa.
The announcement was made by Japanese Prime Minister Shigeru Ishiba during his speech at the “Economic Partnership in Indian Ocean – Africa Forum.”
Managed by Aavishkaar Capital, the fund will use JICA’s contribution to provide credit support to private corporations in Africa, India, and emerging Asia, particularly those operating in agriculture, food processing, and manufacturing supply chains. The initiative is designed to boost SMEs with strong social and environmental impact.
By backing the fund, JICA aims to strengthen global supply chain resilience and foster growth across the Indian Ocean region. The Global Supply Chain Support Fund has already made 8 investments across Asia and Africa in businesses with measurable climate and social impact.
Aavishkaar Capital, part of the Aavishkaar Group, is a leading impact fund manager with a focus on the Global South. The firm has raised eight funds, managing $550 million in assets across sustainable agriculture, financial inclusion, and essential services.
By: Arushi Agarwal
