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JICA invests $40M in fund to support small businesses and boost local supply chains in Africa, Asia, and India.
JICA, Japan's development agency, has invested $40 million into Aavishkaar Capital's Global Supply Chain Support Fund to support small and medium-sized enterprises in Africa, Asia, and India.
This investment aims to promote local supply chains and boost economic development in these regions by providing non-dilutive capital to businesses with social and environmental impact.
The fund, targeting a total of $220 million, was launched in partnership with a German development bank and has already secured about half of its goal from investors.
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JICA invierte $ 40M en fondos para apoyar a las pequeñas empresas e impulsar las cadenas de suministro locales en África, Asia e India.