• Home
  • National
    • Politics
    • Global
    • East Africa
    • Featured
    • Health
    • Investigations
    • Science
    • Security
    • Tech
  • News
  • Business
  • Entertainment
    • Lifestyle
  • Sports
    • Basketball
    • Football
    • Gaming
    • Golf
    • Netball
    • Volleyball
  • Exclusive
  • Travel
  • About us
Sunday, March 15, 2026
  • Login
  • Register
UG Bulletin
Advertisement
  • Home
  • National
    • Politics
    • Global
    • East Africa
    • Featured
    • Health
    • Investigations
    • Science
    • Security
    • Tech
      Uganda wins grand prize at Huawei ICT competition in China

      Uganda wins grand prize at Huawei ICT competition in China

      West Nile gets multimillion ICT hub

      West Nile gets multimillion ICT hub

      Huawei’s DigiTruck goes to Kakumiro

      Huawei’s DigiTruck goes to Kakumiro

      Girls can ably scale the heights in ICT- PS Zawedde

      Girls can ably scale the heights in ICT- PS Zawedde

      How Ugandans can keep their Visa card payments secure

      How Ugandans can keep their Visa card payments secure

      Gideon Nkurunungi becomes new ICTAU  CEO

      Gideon Nkurunungi becomes new ICTAU CEO

      Trending Tags

      • Sillicon Valley
      • Climate Change
      • Election Results
      • Flat Earth
      • Golden Globes
      • MotoGP 2017
      • Mr. Robot
  • News
  • Business
  • Entertainment
    • All
    • Movie
    • Music
    Kampala Crème set to returns to screens with explosive Season 3

    Kampala Crème set to returns to screens with explosive Season 3

    Pearl Magic Prime celebrates five years of elevating Ugandan storytelling

    Pearl Magic Prime celebrates five years of elevating Ugandan storytelling

    Bruno K to stir drama in Pearl Magic Prime’s series, Loving Beyond

    Bruno K to stir drama in Pearl Magic Prime’s series, Loving Beyond

    Umufumbirakazi: Sir Kisoro’s musical tribute to Bafumbira women and identity

    Umufumbirakazi: Sir Kisoro’s musical tribute to Bafumbira women and identity

    Eight years on:  Remembering legend Mowzey Radio’s hits, legacy, and unfinished dreams

    Eight years on:  Remembering legend Mowzey Radio’s hits, legacy, and unfinished dreams

    Singer Spice Diana parts ways with manager

    Singer Spice Diana parts ways with manager

    Pilsner Lager champions cultural identity at Bakiga Nation 

    Pilsner Lager champions cultural identity at Bakiga Nation 

    Kampala’s affluent consumers shift to luxury investments, data from Boujee UG reveals

    Kampala’s affluent consumers shift to luxury investments, data from Boujee UG reveals

    Joshua Baraka marks musical renaissance with his ‘B’raka Land’ concert

    Joshua Baraka marks musical renaissance with his ‘B’raka Land’ concert

    • Lifestyle
      • All
      • Fashion
      UBL bankrolls this year’s Bride and Groom expo with shs10m sponsorship

      UBL bankrolls this year’s Bride and Groom expo with shs10m sponsorship

      Bellazuri , Joram Model Management team up to offer exclusive makeup masterclass

      Bellazuri , Joram Model Management team up to offer exclusive makeup masterclass

      EU empowers youth in refugee and host communities through art

      EU empowers youth in refugee and host communities through art

      Rap group call out publication for using their image in place of ‘gang’

      Swedish embassy welcomes country’s top artists to Uganda

      Swedish embassy welcomes country’s top artists to Uganda

      Melania Trump’s Mail Suit Suggests Desire To Monetise First Lady Role

      This Secret Room In Mount Rushmore Is Having A Moment

      Indonesia’s Largest Fleet Of Taxis Teams Up To Beat Ride-hailing Apps

      Johnny Depp Jokes About Assassinating Trump, Then Apologizes

      Uncharted: The Lost Legacy’s Latest Demo Shows A Treasure-Hunting Duo In Sync

      Trending Tags

      • Golden Globes
      • Mr. Robot
      • MotoGP 2017
      • Climate Change
      • Flat Earth
  • Sports
    • Basketball
    • Football
    • Gaming
    • Golf
    • Netball
    • Volleyball
  • Exclusive
  • Travel
  • About us
No Result
View All Result
  • Home
  • National
    • Politics
    • Global
    • East Africa
    • Featured
    • Health
    • Investigations
    • Science
    • Security
    • Tech
      Uganda wins grand prize at Huawei ICT competition in China

      Uganda wins grand prize at Huawei ICT competition in China

      West Nile gets multimillion ICT hub

      West Nile gets multimillion ICT hub

      Huawei’s DigiTruck goes to Kakumiro

      Huawei’s DigiTruck goes to Kakumiro

      Girls can ably scale the heights in ICT- PS Zawedde

      Girls can ably scale the heights in ICT- PS Zawedde

      How Ugandans can keep their Visa card payments secure

      How Ugandans can keep their Visa card payments secure

      Gideon Nkurunungi becomes new ICTAU  CEO

      Gideon Nkurunungi becomes new ICTAU CEO

      Trending Tags

      • Sillicon Valley
      • Climate Change
      • Election Results
      • Flat Earth
      • Golden Globes
      • MotoGP 2017
      • Mr. Robot
  • News
  • Business
  • Entertainment
    • All
    • Movie
    • Music
    Kampala Crème set to returns to screens with explosive Season 3

    Kampala Crème set to returns to screens with explosive Season 3

    Pearl Magic Prime celebrates five years of elevating Ugandan storytelling

    Pearl Magic Prime celebrates five years of elevating Ugandan storytelling

    Bruno K to stir drama in Pearl Magic Prime’s series, Loving Beyond

    Bruno K to stir drama in Pearl Magic Prime’s series, Loving Beyond

    Umufumbirakazi: Sir Kisoro’s musical tribute to Bafumbira women and identity

    Umufumbirakazi: Sir Kisoro’s musical tribute to Bafumbira women and identity

    Eight years on:  Remembering legend Mowzey Radio’s hits, legacy, and unfinished dreams

    Eight years on:  Remembering legend Mowzey Radio’s hits, legacy, and unfinished dreams

    Singer Spice Diana parts ways with manager

    Singer Spice Diana parts ways with manager

    Pilsner Lager champions cultural identity at Bakiga Nation 

    Pilsner Lager champions cultural identity at Bakiga Nation 

    Kampala’s affluent consumers shift to luxury investments, data from Boujee UG reveals

    Kampala’s affluent consumers shift to luxury investments, data from Boujee UG reveals

    Joshua Baraka marks musical renaissance with his ‘B’raka Land’ concert

    Joshua Baraka marks musical renaissance with his ‘B’raka Land’ concert

    • Lifestyle
      • All
      • Fashion
      UBL bankrolls this year’s Bride and Groom expo with shs10m sponsorship

      UBL bankrolls this year’s Bride and Groom expo with shs10m sponsorship

      Bellazuri , Joram Model Management team up to offer exclusive makeup masterclass

      Bellazuri , Joram Model Management team up to offer exclusive makeup masterclass

      EU empowers youth in refugee and host communities through art

      EU empowers youth in refugee and host communities through art

      Rap group call out publication for using their image in place of ‘gang’

      Swedish embassy welcomes country’s top artists to Uganda

      Swedish embassy welcomes country’s top artists to Uganda

      Melania Trump’s Mail Suit Suggests Desire To Monetise First Lady Role

      This Secret Room In Mount Rushmore Is Having A Moment

      Indonesia’s Largest Fleet Of Taxis Teams Up To Beat Ride-hailing Apps

      Johnny Depp Jokes About Assassinating Trump, Then Apologizes

      Uncharted: The Lost Legacy’s Latest Demo Shows A Treasure-Hunting Duo In Sync

      Trending Tags

      • Golden Globes
      • Mr. Robot
      • MotoGP 2017
      • Climate Change
      • Flat Earth
  • Sports
    • Basketball
    • Football
    • Gaming
    • Golf
    • Netball
    • Volleyball
  • Exclusive
  • Travel
  • About us
No Result
View All Result
UG Bulletin
No Result
View All Result
Home Business

Aavishkaar Capital invests $5million in Horizon Group to strengthen African spice supply chain

by Muhammad Ngobi
in Business
Reading Time: 3 mins read
5
A A
0
Aavishkaar Capital invests $5million  in Horizon Group to strengthen African spice supply chain

Employees sorting and grading dried ginger at the Horizon Group Africa plant in Kaduna.

5
SHARES
66
VIEWS
Share on FacebookShare on TwitterShare on LinkedinShare on WhatAappShare by Email

Aavishkaar Capital, part of the globally recognized Aavishkaar Group, has announced a USD 5 million loan to Horizon Group Africa, a leading processor and exporter of high-value spices.

The funding is the fourth investment in Africa under the USD 250 million Global Supply Chain Support Fund (GSCSF), launched in partnership with German development bank KfW.

The GSCSF is designed to scale impactful businesses across Africa and Asia, with a strong emphasis on Environmental, Social, and Governance (ESG) outcomes alongside commercial returns. This latest investment brings the fund’s global portfolio to eight, reinforcing its commitment to strengthening sustainable supply chains across the Global South.

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

The company specializes in sourcing and exporting premium whole spices such as ginger, turmeric, cloves, cinnamon, cardamom, and black pepper to markets in the EU, Asia, and the United States.

The USD 5 million loan will support Horizon’s working capital needs, specifically the procurement of raw materials to meet increasing international demand.

The company’s focus on both organic and conventional spice processing has positioned it well to benefit from the growing global appetite for organic food products.

Since shifting its core operations to high-value spice exports in 2017, Horizon has built a robust network of over 3,000 farmers.

These farmers are trained in sustainable agricultural practices, organized into cooperatives, and supported in securing organic certification and ensuring full traceability — a crucial advantage for accessing premium global markets.

“We are pleased to partner with Aavishkaar Capital as we embark on the next phase of our growth journey,” said Jomy Antony, CEO of Horizon Group.

“Their experience in scaling businesses, strengthening governance, enabling global market access, and unlocking capital will be invaluable as we build Horizon into Africa’s leading spice processing company.”

Darren Lobo, Director at Aavishkaar Capital, praised Horizon’s leadership and vision.

“We are delighted to partner with Horizon Group’s exceptional management team, which brings over 80 years of combined expertise in spice cultivation and trade. Their long-standing relationships with global buyers and commitment to farmer-led development make them a perfect fit for our mission,” he said.

Dr. Markus Aschendorf, Head of Division at KfW, emphasized the broader impact of the investment.

“Our support for Horizon through the GSCSF reflects KfW’s goal of strengthening sustainable and ethical supply chains across Africa and Asia. Horizon’s commitment to regenerative agriculture and traceable sourcing aligns closely with our vision for globally competitive, ecologically conscious enterprises.”

To date, the GSCSF has made notable investments in African companies such as Hela Apparel Holdings PLC, Balaji EPZ, and Privamnuts — all leaders in sustainable export manufacturing and processing. Uganda, though not yet a beneficiary, is a priority for the fund moving forward.

“Uganda remains a key focus for the GSCSF,” added Lobo.

“We see great potential in Ugandan SMEs, particularly in agriculture — from coffee and fruits to aquaculture products like Nile perch. Our objective is to support such businesses through innovative financing and global market access.”

As the Global Supply Chain Support Fund continues to expand, its partnership with Horizon Group demonstrates the growing momentum behind Africa’s role in sustainable, value-added export industries.

By backing local enterprises and empowering smallholder farmers, the fund aims to drive inclusive economic growth and environmental resilience across emerging markets.

Tags: Aavishkaar CapitalAfrica-Asia tradeAfrican SMEsAgro-processingESG investmentfarmer cooperativesGlobal Supply Chain Support FundHorizon Group Africaimpact investinginclusive growthKfWMadagascarNigeriaorganic spicesspice exportssustainable agricultureTanzaniaUganda exports
Share2Tweet1ShareSendSend
Muhammad Ngobi

Muhammad Ngobi

Recommended

Fresh Dairy announces 19% discount on flavoured milk for back-to-school season

Fresh Dairy announces 19% discount on flavoured milk for back-to-school season

September 28, 2024
203
Museveni flags off  construction of shs213bn  Kayunga-Galiraya Road to link Central to Northern Uganda

Museveni flags off construction of shs213bn Kayunga-Galiraya Road to link Central to Northern Uganda

July 12, 2025
95

Popular News

    Connect with us

    About us

    Join us on this journey as we continue to be your trusted source for the bold, accurate, and authoritative news, information, and knowledge you need to stay informed, engaged, and inspired. Uganda's stories are worth telling, and UG Bulletin is here to bring them to you.

    Security is guarding an empty house, my wife, children fled the country long ago- Bobi
    News

    I have left Uganda, says Bobi Wine

    NUP's president, Robert Kyagulanyi, popularly known as Bobi Wine, has announced that he has left Uganda to engage international partners ...

    March 14, 2026
    Two arrested over kidnap of three-year old in Wakiso , demanding shs40m ransom
    News

    Two arrested over kidnap of three-year old in Wakiso , demanding shs40m ransom

    Police in Matugga have rescued a three-year-old girl who was allegedly kidnapped, arresting two suspects in connection with the incident. ...

    March 14, 2026
    From manual labour to mechanised farming: LEGS Project changes Kabarole farmer’s fortunes
    News

    From manual labour to mechanised farming: LEGS Project changes Kabarole farmer’s fortunes

    A mechanisation initiative supported by the Local Economic Growth Support (LEGS) Project is improving agricultural productivity and reducing production costs ...

    March 14, 2026
    Uganda, Tanzania move to eliminate trade barriers amid shs9 trillion imbalance
    Business

    Uganda, Tanzania move to eliminate trade barriers amid shs9 trillion imbalance

    Uganda and Tanzania have agreed to remove all remaining trade barriers between them in a bid to address a widening ...

    March 13, 2026
    Uganda launches AI research cloud to power digital transformation
    News

    Uganda launches AI research cloud to power digital transformation

    Uganda has launched a new Artificial Intelligence (AI) Research Cloud aimed at strengthening the country’s capacity to develop homegrown artificial ...

    March 13, 2026

    Category

    • Archives
    • Basketball
    • Business
    • East Africa
    • Entertainment
    • Exclusive
    • Fashion
    • Featured
    • Football
    • Gaming
    • General
    • Global
    • Golf
    • Health
    • Investigations
    • Lifestyle
    • Movie
    • Music
    • National
    • Netball
    • News
    • Opinions
    • Politics
    • Science
    • Security
    • Sports
    • Tech
    • Travel
    • Volleyball

    Featured Articles

    • Trending
    • Comments
    • Latest
    Overall performance drops, girls outshine boys as 2024 UACE results are released

    FULL LIST: The best schools per subject in 2024 UACE

    March 16, 2025
    SST worst performed subject in PLE 2025

    FULL LIST: Uganda’s best performing schools, pupils in PLE 2025

    February 1, 2026
    Security is guarding an empty house, my wife, children fled the country long ago- Bobi

    I have left Uganda, says Bobi Wine

    March 14, 2026
    Two arrested over kidnap of three-year old in Wakiso , demanding shs40m ransom

    Two arrested over kidnap of three-year old in Wakiso , demanding shs40m ransom

    March 14, 2026
    • About
    • Activate
    • Activity
    • Blog
    • Cart
    • Checkout
    • Contact
    • Home
    • Home 2
    • Home 4
    • Home 5
    • Members
    • My account
    • Privacy Policy
    • Register
    • Sample Page
    • Shop
    • Terms of Use

    © 2023 UG Bulletin - Bold, Accurate, Authoritative by Ultimate Multimedia Consult.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Home
    • National
      • Politics
      • Global
      • East Africa
      • Featured
      • Health
      • Investigations
      • Science
      • Security
      • Tech
    • News
    • Business
    • Entertainment
      • Lifestyle
    • Sports
      • Basketball
      • Football
      • Gaming
      • Golf
      • Netball
      • Volleyball
    • Exclusive
    • Travel
    • About us

    © 2023 UG Bulletin - Bold, Accurate, Authoritative by Ultimate Multimedia Consult.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.