diff --git a/etc/kayobe/kolla.yml b/etc/kayobe/kolla.yml
index 8844a3cbd1..ebf8b09293 100644
--- a/etc/kayobe/kolla.yml
+++ b/etc/kayobe/kolla.yml
@@ -415,7 +415,7 @@ kolla_build_blocks:
   magnum_base_footer: |
     RUN curl https://raw.githubusercontent.com/helm/helm/main/scripts/get-helm-3 | head -n -1 | bash
     {% raw %}
-    {% set magnum_capi_packages = ['git+https://github.com/stackhpc/magnum-capi-helm.git@v0.10.0'] %}
+    {% set magnum_capi_packages = ['git+https://github.com/stackhpc/magnum-capi-helm.git@v0.11.0'] %}
     RUN {{ macros.install_pip(magnum_capi_packages | customizable("pip_packages")) }}
     {% endraw %}
 # Dict mapping image customization variable names to their values.
diff --git a/etc/kayobe/kolla/globals.yml b/etc/kayobe/kolla/globals.yml
index 419b1ba72f..03e17ae724 100644
--- a/etc/kayobe/kolla/globals.yml
+++ b/etc/kayobe/kolla/globals.yml
@@ -20,9 +20,9 @@ kayobe_image_tags:
     rocky: yoga-20231218T141822
     ubuntu: yoga-20231107T165648
   magnum:
-    centos: yoga-20240229T120519
-    rocky: yoga-20240229T120519
-    ubuntu: yoga-20240229T120519
+    centos: yoga-20240308T154440
+    rocky: yoga-20240308T154440
+    ubuntu: yoga-20240308T154440
   neutron:
     centos: yoga-20231114T125927
     rocky: yoga-20240105T120257
diff --git a/releasenotes/notes/bump-magnum-capi-helm-6723d89456e6a590.yaml b/releasenotes/notes/bump-magnum-capi-helm-6723d89456e6a590.yaml
new file mode 100644
index 0000000000..7fc3cca1a8
--- /dev/null
+++ b/releasenotes/notes/bump-magnum-capi-helm-6723d89456e6a590.yaml
@@ -0,0 +1,4 @@
+---
+features:
+  - |
+    Updates Magnum CAPI Helm driver version to v0.11.0