JICA Invests USD 10 M In Novastar Ventures Africa Fund III With Impact Focus

The Japan International Cooperation Agency (JICA) has committed USD 10 M to the Novastar Ventures Africa People and Planet Fund III, managed by Novastar Ventures.

JICA is co-investing with British International Investment and other development finance institutions as well as financial and strategic investors in the private sector, including Japanese corporates.

The project will finance startups engaged in impactful businesses via investing in Novastar, a leader of the venture capital market and startup ecosystem in Africa. It aims to empower people through economic and social inclusion, promote sustainable and climate-positive economic activities, and thereby contribute to economic development and addressing social challenges in Africa.