Afreximbank Targets $1bn Pan-African Film Fund To Boost Africa’s Creative Industry.
The African Export-Import Bank (Afreximbank) on Friday disclosed plan to mobilise up to $1 billion for a Pan-African film fund, as part of efforts to expand financing, strengthen distribution networks and position Africa as a global production hub for creative content.
The Executive Vice President, Intra-African Trade and Export Development at Afreximbank, Mrs.
Kanayo Awani, who disclosed this while delivering the opening statement at the 2026 Creative Africa Nexus (CANEX) Summit in Lagos, pointed out that the proposed fund being developed through the bank’s impact investment subsidiary, the Fund for Export Development in Africa (FEDA), in partnership with One Street Studios, was expected to finance African content, strengthen distribution networks, develop enabling technologies and build infrastructure for the continent’s film industry.
This comes the President and Chairman of the Board of Directors, Afreximbank, Dr George Elombi, called for stronger African ownership and value capture across the creative-industry supply chain, warning that increased production financing alone will not deliver optimal economic benefits to the continent. Elombi said Africa must move beyond financing music and movie productions to building a comprehensive creative ecosystem that enables the continent to retain more value from its creative output. Citing estimates from the United Nations Economic Commission for Africa (UNECA), he said Africa’s creative economy was valued at approximately $60 billion, representing about two per cent of the global creative industry. Equally, former President of Afreximbank, Prof.
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