Legal Notice

Novastar Ventures Limited is Authorized and Regulated by the Mauritius Financial Services Commission. Novastar Ventures Limited is registered in Mauritius: Company No C120090NC2/GBL. Novastar’s registered office is c/o Apex Fund services (Mauritius) Limited 4th Floor, 19 Bank Street, Cybercity, Ebene, 72201, Mauritius. Contact: info@novastarventures.com.

This website is issued by Novastar Ventures Limited and Novastar Ventures LLP and is for informational purposes only. Use of this website is subject to the following terms. By using this website, you are deemed to have accepted these terms.

This site is not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation or which would subject the firm to any registration or licensing requirement within such jurisdiction, such as the United States (but not limited to). Neither this website as a whole nor any part hereof shall constitute an offer of or the solicitation of an offer to invest, or the sale of securities, nor shall there be any sale of any investments or commitments in connection with this website in any jurisdiction in which such offer, solicitation or sale would be unlawful including Mauritius, Kenya, Nigeria and the United States. The contents of this website do not constitute investment, legal, tax or other advice and should not be taken as such. Novastar Ventures Limited acts as Investment manager to venture capital funds on behalf of institutional and professional clients and does not offer investment advice or opportunities to nonprofessional / non expert, retail or other clients whom lack the knowledge, investment experience and capital buffer required when investing into high-risk venture capital funds. The regulated services provided by Novastar Ventures Limited are only accessible to Sophisticated and Professional clients. Please seek independent professional financial, legal and tax advice if you are unsure of whether investment into venture capital funds constituted as a closed-end fund registered in Mauritius is suitable to you and your individual circumstances.

Risk Warning

No representation or warranty is given that the information or opinions contained in this website are accurate, reliable or complete. Any information contained within this website is subject to amendment, revision or updating. Novastar Ventures Limited reserves the right to suspend or withdraw access to the pages of this site without notice at any time and accepts no responsibility for these pages not being available at all times.

Users of this website must not transmit any virus, ‘worm’, ‘Trojan horse’, or other item of a destructive nature to this site and it is the user’s responsibility to ensure that whatever is downloaded or selected for use from the site is free from such items.

This site is governed in accordance with the laws of the Republic of Mauritius. By accessing the site, you agree to submit to the exclusive jurisdiction of the Courts of Mauritius and any adjudication they make in respect of litigation arising in connection with the site.

Confidentiality

Information is an asset and Novastar Ventures Limited acknowledges that there is a corporate responsibility to safeguard such information provided to us by our clients. Novastar Ventures Limited has in place policies and procedures with regards to office and data security and data protection. We are fully committed to comply with our obligations as set out in the Data Protection Act 2017 which was adopted by the Republic of Mauritius to be compliant with the EU General Data Protection regulation. Please refer to Novastar Venture Limited’s privacy policy for full details of the types of information we hold on our clients, the purpose, how and how long for.

Complaints

We are committed to working with our clients to achieve best client outcomes, and we welcome feedback and the opportunity to improve our service. Please direct any complaints or queries to the firm’s compliance officer in writing in the first instance as follows:Rebecca@novastarventures.com.

TCF Policy Statement

The firm is committed to Treating Customers Fairly and as such has a TCF policy which sets out the firm’s procedures and obligations.

Anti-Bribery and Corruption Policy

Novastar Ventures Limited is committed to apply the highest standards of ethical conduct and integrity in its business activities.  Every employee and individual acting on behalf of Novastar Ventures Limited is responsible for conducting business honestly and professionally. Novastar operates a zero-tolerance approach to bribery and corruption and benefits from carrying out business in a transparent and ethical way and by helping to ensure that there is honest, open and fair competition in our sectors.

Novastar Ventures does not tolerate any form of bribery by, or of, its employees or any persons or companies acting for it or on its behalf. The Directors, Partners and senior management are committed to implementing and enforcing effective systems to prevent, monitor and eliminate bribery, in accordance with the prevention of corruption Act 2002 (2018 update).

Novastar Ventures Limited has issued an Anti-Bribery policy in order to prevent and prohibit bribery and corruption.  The Anti Bribery policy applies to all employees and they are required to familiarise themselves and comply with the policy.

A bribe is a financial advantage or other reward that is offered to, given to, or received by an individual or company (whether directly or indirectly) to induce or influence that individual or company to perform public or corporate functions or duties improperly.

Employees and others acting for or on behalf of Novastar Ventures Limited are strictly prohibited from making, soliciting or receiving any bribes or unauthorised payments. As part of its Anti-bribery measures, Novastar Ventures Limited is committed to engage only in transparent, proportionate, reasonable and legitimate hospitality and promotional expenditure. Novastar Ventures Limited, Directors, Partners and Employees are prohibited from transacting with public officials where such transactions would be in contravention of the prevention of corruption act 2002 (updated 2018).

A breach of the Novastar Ventures Limited anti bribery policy by an employee will be treated as grounds for disciplinary action, which may result in a finding of gross misconduct and immediate dismissal.  Novastar Ventures Limited will not knowingly conduct business with service providers, agents or representatives that do not support the firm’s anti-bribery and corruption objectives.

Novastar Ventures Limited does not hold any responsibility for contractors or agents whom act on their own initiative and do not comply with the firm’s anti bribery policy despite agreeing to do so, and reserves the right not to knowingly deal with any persons or firms who do not agree to the firm’s anti bribery policy. Acceptance of our policy is deemed as acceptance of compliance with the firm’s policy.

Environmental Social Governance

Novastar is an investment management firm with an investment focus in East and West Africa. The firm’s business model in isolation is considered by the board to be environmentally and socially friendly. The firm’s business model does not require any non-environmentally friendly practice and the firm works hard to responsibly reduce its carbon footprint within its operations. The firm promotes social inclusion and has policies and procedures in place to support this, such as equality and diversity policies. The firm seeks investment into companies that provide social and economic benefits and due diligence is undertaken to ensure that ESG measured deliverables are met.

The firm has listened and has responded to client requests to invest into companies where ESG impacts are positively achieved and measured. The firm has a well-established assessment system and as such has developed ESG risk assessment within its investee company due diligence and analysis. Clients are increasingly aware of their responsibility to promote good ESG practice and seek to work with firm’s who share this common vision.