diff --git a/repo2docker/buildpacks/conda/install-base-env.bash b/repo2docker/buildpacks/conda/install-base-env.bash
index ac111403..59e65a93 100755
--- a/repo2docker/buildpacks/conda/install-base-env.bash
+++ b/repo2docker/buildpacks/conda/install-base-env.bash
@@ -6,7 +6,7 @@ set -ex
 cd $(dirname $0)
 
 export MAMBA_VERSION=1.5.7
-export CONDA_VERSION=23.7.4
+export CONDA_VERSION=24.3.0
 
 URL="https://anaconda.org/conda-forge/micromamba/${MAMBA_VERSION}/download/${CONDA_PLATFORM}/micromamba-${MAMBA_VERSION}-0.tar.bz2"
 
diff --git a/tests/conda/py35-binder-dir/verify b/tests/conda/py35-binder-dir/verify
index 72175ad2..1f0ecc5f 100755
--- a/tests/conda/py35-binder-dir/verify
+++ b/tests/conda/py35-binder-dir/verify
@@ -22,7 +22,7 @@ out = sh(["mamba", "--version"])
 assert (
     out
     == """mamba 1.5.7
-conda 23.7.4"""
+conda 24.3.0"""
 ), out
 
 sh([kernel_python, "-c", "import numpy"])