This fund is designed to support the production and international distribution of African films and series.

It aims to strengthen the continent’s creative sector by enabling African filmmakers to produce high-quality, globally appealing stories.

By doing so, the initiative is expected to elevate Africa’s cultural footprint on the global stage and attract long-term investment into the creative economy.

FEDA’s Chief Executive Officer, Marlene Ngoyi, highlighted the broader goals of the project, saying it goes beyond simply funding movies.

“The Africa Film Fund is about building a vibrant and inclusive creative ecosystem. It will empower Africa’s talent, promote cultural dialogue, and spark economic growth,” she said. “We want to see real, lasting impact from this initiative.”

Africa’s film and audiovisual sector already contributes about $5 billion in annual revenues and employs more than five million people.

But the industry still faces major hurdles. These include limited production infrastructure, lack of modern post-production facilities, and very few cinemas—fewer than 2,000 screens across the continent.

Digital access also remains low in many regions, restricting opportunities for filmmakers.

Afreximbank had initially announced in 2024 its plans to launch a private equity fund through FEDA to back Africa’s film sector.

The newly established Africa Film Fund builds on that commitment, aiming to help storytellers on the continent create content that can compete on the global stage.

By addressing funding gaps and infrastructure limitations, the Africa Film Fund is set to unlock the creative potential of African filmmakers and support the production of compelling, world-class content.