Afreximbank launches $1bn Africa film fund

The African Export-Import Bank (Afreximbank), through its development impact investment arm, the Fund for Export-Development in Africa (FEDA), has launched a $1 billion Africa Film Fund to boost the continent’s film and creative industry.

The announcement was made in a statement shared on the bank’s official Instagram page.

Launched under the Creative Africa Nexus (CANEX) Programme, the fund aims to support the production and global distribution of African films and TV content, tackling longstanding infrastructure and financing gaps that have hampered industry growth.

“The Africa Film Fund is a transformative undertaking of up to $1 billion designed to revolutionise Global Africa’s film and creative industry,” the bank said in the statement.

According to Afreximbank, the fund will be managed by FEDA as a private equity vehicle, providing long-term capital to enable the production of high-quality African content and to elevate the continent’s storytellers on the global stage.

Afreximbank President, Prof. Benedict Oramah, described the initiative as timely, noting that the creative sector has shown rapid growth but continues to face significant challenges such as limited funding, poor scalability, and restricted access to international markets.

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“Film is a cornerstone of the CANEX programme, and the establishment of the Africa Film Fund will accelerate the sector’s growth. We are also committed to amplifying a diverse range of African voices through initiatives like the CANEX Shorts Awards,” Oramah said.

FEDA’s CEO, Marlene Ngoyi, stressed that the fund’s impact extends beyond film production. “This initiative is about building a thriving ecosystem that empowers Global Africa’s creative talent, fosters cultural exchange, and drives economic transformation,” she said.

Hollywood actor and Managing Partner of FC Media Group, Boris Kodjoe, welcomed the partnership, describing it as a dream fulfilled. “It has been a long-term dream of mine to tell stories on a global scale. I’m excited to support quality content development in Africa and beyond,” he said.