Supporting SMEs in Africa and Asia-JICA invests in Aavishkaar's impact investment fund: Contributing to sustainable supply chains, food security, and industrial competitiveness
Japan, Feb. 26 -- On February 19, the Japan International Cooperation Agency (JICA) signed a subscription agreement to invest in "Global Supply Chain Support Fund SCSp (GSCSF)" managed by Aavishkaar Capital (part of Aavishkaar Group), a leading impact investing firm based in India.In Africa and emerging Asia, there are significant supply chain vulnerabilities and food security challenges, while SMEs continue to play a crucial role in supporting local economies. By improving access to finance for such enterprises operating in the agriculture, food processing, transportation, and manufacturing sectors, the fund aims to contribute to:* the development of sustainable supply chains,* enabling food security through stable food supply, and* enhanc...
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