Afreximbank Targets $1bn Pan African Film Fund to Transform Continent’s Creative Industry
*Elombi: Africa must capture more value from its $60bn creative economy *Oramah proposes dedicated facility, cooperatives to unlock funding, reduce risks Sunday Ehigiator The African Export-Import Bank (Afreximbank) yesterday disclosed
Afreximbank plans to mobilise up to $1 billion for a Pan-African film fund as part of its efforts to expand financing, strengthen distribution networks, and position Africa as a global production hub for creative content. The fund, being developed through the bank's impact investment subsidiary, FEDA, in partnership with One Street Studios, aims to finance African content, develop enabling technologies, and build infrastructure for the continent's film industry.
The initiative comes as Dr. George Elombi, the President and Chairman of the Board of Directors at Afreximbank, calls for stronger African ownership and value capture across the creative-industry supply chain, emphasising that Africa must move beyond financing music and movie productions to building a comprehensive creative ecosystem.
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