Signing of Subscription Agreement for Africa People and Planet Start-up Investing Project in Africa (Private Sector Investment Finance): Boosting African Startup Ecosystem for People and the Planet
Japan, Sept. 8 -- On August 28, the Japan International Cooperation Agency (JICA) signed an agreement with Novastar Ventures Limited (NV), a leading venture capital fund manager in Africa, with regards to JICA's admission as a limited partner of their Fund III.JICA is co-investing with British International Investment (BII) and other development finance institutions as well as financial and strategic investors in the private sector, including Japanese corporates.1. InvesteeNovastar Ventures Africa People + Planet Fund III, LP (NV III)2. Country (Target Areas)Africa3. Committed Amount10 million USD4. Project TitleAfrica People and Planet Start-up Investing Project5. Project PurposeThe Project will finance startups engaged in impactful busine...
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