By: Nana Appiah Acquaye
The
Green Climate Fund (GCF) has approved an investment of up to USD 40 million in
Novastar Ventures’ Africa People and Planet Fund III (NVIII), a move set to
accelerate sustainable and inclusive economic growth across the continent.
The
fund supports businesses that integrate Africa’s demographic growth with
environmentally sustainable technologies, aiming to drive a clean and resilient
development path. Novastar Ventures said the partnership underscores the
growing confidence in Africa’s potential to lead climate-smart innovation
through entrepreneurship.
The
investment also marks a significant step in Novastar’s mission to align profit
with purpose, supporting ventures that create long-term value for both people
and the planet. The collaboration with GCF builds on a shared vision of
mobilising capital to scale impact-driven enterprises that address climate
change and promote sustainable livelihoods.
