The African Export-Import Bank has introduced a $1 billion Africa Film Fund to breathe new life into the continent’s creative scene. The initiative was revealed through a statement on the bank’s official Instagram page and is positioned as a game-changer for Africa’s film and television industry.
Developed under the Creative Africa Nexus (CANEX) Programme, the fund aims to support content production and global distribution, while tackling structural issues like poor financing and limited infrastructure. The bank stated that the fund would be managed by its impact investment arm, the Fund for Export Development in Africa (FEDA), and operated as a private equity platform. Its goal: to provide long-term capital for high-quality projects and elevate African storytelling on the global stage.
A transformative undertaking of up to $1 billion is designed to revolutionise Global Africa’s film and creative industry, the statement noted.
Film Is a Cornerstone of CANEX
Afreximbank President Benedict Oramah called the move timely, noting that while Africa’s creative economy is growing rapidly, it is still held back by funding gaps and market access limitations.
Film is a cornerstone of the CANEX programme. This fund will help accelerate the growth of Africa’s creative sector, Oramah said. We are also committed to amplifying a diverse range of African voices and experiences through our investment and awards programmes.
The fund isn’t just about money. It’s also about building systems that can sustain African creatives and their work. FEDA CEO Marlene Ngoyi described the initiative as an ecosystem builder, designed to empower talent and spark economic growth through culture.
The Africa Film Fund is not merely about financing films – it is about building a thriving ecosystem that empowers Global Africa’s creative talent, Ngoyi said.
Actor and producer Boris Kodjoe, who leads FC Media Group, expressed his excitement about partnering with Afreximbank and FEDA to turn African stories into globally accessible narratives. It has been a long-term dream of mine to be able to tell stories on a global scale, he said.
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I am passionate about crafting stories, vibing to good music (and making some too), debating Nigeria’s political future like it’s the World Cup, and finding the perfect quiet spot to work and unwind.
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