Afreximbank Launches $1 Billion Africa Film Fund to Power Creative Industry.

Wednesday 7th May 2025

Por inAfrika Reporter

Africa’s film industry just got its biggest boost yet. The African Export-Import Bank (Afreximbank), through its development investment arm FEDA, has launched the $1 billion Africa Film Fund, aimed at transforming the continent’s creative economy and global cultural influence.

Announced under the Creative Africa Nexus (CANEX) initiative, the fund will support the production and international distribution of high-quality African films and TV series. It’s a major step toward making Global Africa a dominant voice in global storytelling.

“This fund is timely,” said Prof. Benedict Oramah, President of Afreximbank. “It will accelerate growth in Africa’s creative sector, which, despite rapid expansion, still struggles with funding, scale, and global reach.”

The African film industry generates $5 billion annually and employs over 5 million people, according to UNESCO. However, it faces major hurdles from a lack of equipment and post-production facilities to limited cinemas and digital platforms. Afreximbank is stepping in to address these gaps.

For Marlene Ngoyi, CEO of FEDA, this is about more than just entertainment: “We’re building an ecosystem that empowers talent, fosters cultural exchange, and drives economic transformation.”

The fund is also drawing attention from global talent. Viola Davis, EGOT winner and co-founder of JVL Media, praised the initiative: “African stories are deeply human and universally powerful. This fund lets the world see Africa through African eyes.”

Actor Boris Kodjoe echoed her enthusiasm: “It’s a dream come true to help tell African stories on a global scale.” The Africa Film Fund isn’t just financing it’s fueling a cultural revolution.