diff --git a/charts/argo-events/Chart.yaml b/charts/argo-events/Chart.yaml
index c35d0f96..bfb82ea1 100644
--- a/charts/argo-events/Chart.yaml
+++ b/charts/argo-events/Chart.yaml
@@ -1,8 +1,8 @@
 apiVersion: v2
-appVersion: v1.7.6
+appVersion: v1.8.0
 description: A Helm chart for Argo Events, the event-driven workflow automation framework
 name: argo-events
-version: 2.3.3
+version: 2.4.0
 home: https://github.com/argoproj/argo-helm
 icon: https://avatars.githubusercontent.com/u/30269780?s=200&v=4
 keywords:
@@ -18,5 +18,7 @@ annotations:
     fingerprint: 2B8F22F57260EFA67BE1C5824B11F800CD9D2252
     url: https://argoproj.github.io/argo-helm/pgp_keys.asc
   artifacthub.io/changes: |
+    - kind: changed
+      description: Upgrade Argo Events to v1.8.0
     - kind: added
-      description: Introduce chart signing
+      description: Add managed namespace configuration
diff --git a/charts/argo-events/README.md b/charts/argo-events/README.md
index f06f9d3a..0abf2c31 100644
--- a/charts/argo-events/README.md
+++ b/charts/argo-events/README.md
@@ -127,6 +127,7 @@ done
 | controller.podLabels | object | `{}` | Labels to be added to events controller pods |
 | controller.priorityClassName | string | `""` | Priority class for the events controller pods |
 | controller.rbac.enabled | bool | `true` | Create events controller RBAC |
+| controller.rbac.managedNamespace | string | `""` | Additional namespace to be monitored by the controller |
 | controller.rbac.namespaced | bool | `false` | Restrict events controller to operate only in a single namespace instead of cluster-wide scope. |
 | controller.rbac.rules | list | `[]` | Additional user rules for event controller's rbac |
 | controller.readinessProbe.failureThreshold | int | `3` | Minimum consecutive failures for the [probe] to be considered failed after having succeeded |
diff --git a/charts/argo-events/templates/argo-events-controller/deployment.yaml b/charts/argo-events/templates/argo-events-controller/deployment.yaml
index 9b7ace1b..a3614c73 100644
--- a/charts/argo-events/templates/argo-events-controller/deployment.yaml
+++ b/charts/argo-events/templates/argo-events-controller/deployment.yaml
@@ -48,6 +48,10 @@ spec:
         {{- if .Values.controller.rbac.namespaced }}
         - --namespaced
         {{- end }}
+        {{- if .Values.controller.rbac.managedNamespace }}
+        - --managed-namespace
+        - {{ .Values.controller.rbac.managedNamespace }}
+        {{- end }}
         {{- with .Values.controller.containerSecurityContext }}
         securityContext:
           {{- toYaml . | nindent 10 }}
diff --git a/charts/argo-events/values.yaml b/charts/argo-events/values.yaml
index 89a7323d..faba6939 100644
--- a/charts/argo-events/values.yaml
+++ b/charts/argo-events/values.yaml
@@ -138,6 +138,8 @@ controller:
     enabled: true
     # -- Restrict events controller to operate only in a single namespace instead of cluster-wide scope.
     namespaced: false
+    # -- Additional namespace to be monitored by the controller
+    managedNamespace: ""
     # -- Additional user rules for event controller's rbac
     rules: []