Novastar Ventures fund receives $40m commitment
The Green Climate Fund has approved an investment in the Novastar Ventures Africa People and Planet Fund III.
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The Green Climate Fund (GCF) has approved an investment of up to $40 million in the Novastar Ventures Africa People and Planet Fund III (NVIII).
NVIII backs businesses that align the economic interests of Africa’s growing population with planet-positive technologies – helping to drive a clean, inclusive, and sustainable development path for the continent.
“GCF’s commitment to NVIII marks another milestone in realising our vision of an entrepreneurial revolution on the continent. A revolution that creates lasting value for people and planet – for good,” Novastar said in a statement.
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