The African Export-Import Bank, has launched a $1bn investment to fund Africa’s film and creative industry. The fund, launched under the Creative Africa Nexus Programme, aims to support the production and global distribution of African films and television content, addressing key infrastructure and financing challenges that have stifled growth in the sector.
Also, the Africa Film Fund will be managed through FEDA as a private equity vehicle, offering long-term capital to enable the creation of high-quality content and empower African storytellers to compete globally.
President of Afreximbank, Benedict Oramah, stated, “Film is a cornerstone of the CANEX programme, and the establishment of the Africa Film Fund is timely as it will help accelerate the growth of Africa’s creative sector, which has witnessed rapid growth but continues to face significant challenges including funding, scaling and accessing global markets.”
On his part, the Chief Executive Officer of FEDA, Marlene Ngoyi, noted that the initiative goes beyond financing films.
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“The Africa Film Fund is not merely about financing films – it is about building a thriving ecosystem that empowers Global Africa’s creative talent, fosters cultural exchange, and catalyses economic transformation.”
The Managing Partner of FC Media Group, Boris Kodjoe, said, “It has been a long-term dream of mine to be able to tell stories on a global scale. I am grateful and excited to partner with our friends at Afreximbank and FEDA in order to support quality content development and creation in Africa and beyond.”
