Afreximbank launches $1B Pan-African Film Fund
Key Questions
What is the Pan-African Film Fund launched by Afreximbank?
Afreximbank has launched a $1 billion Pan-African Film Fund to support export-oriented film projects and related infrastructure across the continent. The initiative targets major capital injection into African cinema, with potential to reshape global distribution and compete with streaming platforms.
Who has been appointed as CEO of the Afreximbank Pan-African Film Fund?
Lavaille Lavette has been named CEO of the $1 billion fund. Afreximbank's development arm will jointly manage the fund with One Street Studios, which was appointed as Co-GP.
How does the new fund relate to the growth of Nollywood and African film?
The fund aligns with Nollywood's shift toward regional distribution and theatrical expansion by providing significant financing for infrastructure and export-focused projects. It represents a major investment that could enhance African films' global reach.
Afreximbank officially launched a $1 billion Pan-African Film Fund with Lavaille Lavette as CEO; One Street Studios named Co-GP. Targets export-oriented projects and infrastructure, aligning with Nollywood's pivot to regional distribution and theatrical growth. Major capital injection into African film, potentially reshaping global distribution pathways and competing with streaming platforms.