Afreximbank has unveiled the African Film Fund, a groundbreaking $1 billion initiative aimed at transforming Africa’s film industry. This ambitious project, launched through the Fund for Export Development in Africa (FEDA), will finance 2,000 feature films annually, each with a budget of $500,000, marking a major leap for African cinema’s global influence.

A Game-Changer for African Filmmakers

Despite its cultural richness and talent, Africa’s film industry has long struggled with limited funding, infrastructure shortages, and restricted global distribution. Currently generating $5 billion annually and employing over 5 million people, the industry holds massive potential, yet remains underrepresented compared to global giants.

Countries like India and China dominate film production, with India producing over 2,500 films per year and China surpassing the U.S. with 792 feature films in 2023. With this fund, Africa is set to compete on a global scale, bridging the gap between creativity and financial sustainability.

Filmmakers React: A Historic Moment for Africa

African filmmakers are celebrating the announcement as a watershed moment for the industry.

Kunle Afolayan, renowned Nigerian director, sees the fund as a turning point: > “African cinema has always been rich in storytelling, but funding has held us back. This investment will finally allow us to produce films with high production value and global reach.”

Kenyan filmmaker Wanuri Kahiu, known for her vibrant storytelling, emphasizes creative control: > “For years, we’ve relied on external financing that often limits artistic freedom. This fund empowers us to tell African stories, for the world, on our own terms.”

Global Endorsements: Viola Davis and Boris Kodjoe Applaud the Initiative

Hollywood’s biggest names have expressed admiration for Afreximbank’s initiative. Viola Davis, acclaimed actress and producer, highlights Africa’s storytelling power: > “African stories are deeply human and universally impactful. This fund is a call to the world to see Africa through its own creatives, bold and unfiltered.”

Actor and producer Boris Kodjoe shares his excitement: > “I’ve always dreamed of telling stories on a global scale. This fund makes it possible to create high-quality content in Africa that resonates far beyond its borders.”

Blaise Pascal Tanguy, founder of the International African Film Festival “L’Afrique Fait Son Cinéma”, believes the fund will revolutionize the industry: > “This isn’t just about producing films—it’s about building a thriving industry, ensuring that African voices are heard on global platforms. For too long, African filmmakers have struggled for recognition despite immense talent. Now, we have the tools to compete and succeed internationally.”

Africa’s Film Industry Steps Onto the Global Stage

Beyond film production, the fund is designed to attract private investors, develop infrastructure, and expand distribution networks—ensuring African cinema stands alongside the world’s biggest industries.

With 2,000 films produced annually, Africa is poised to redefine global entertainment, proving that its stories, creators, and culture deserve the spotlight.