Pan-African Film Fund Mobilizes $1 Billion to Transform Continent's Creative Industries
Afreximbank and FEDA have appointed One Street Studios to co-manage a $1 billion investment vehicle aimed at scaling Africa's film, television, and digital media sectors. The fund seeks to build a globally competitive audiovisual ecosystem by financing production, infrastructure, and global distribution.
By Jana Rami
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The African Export-Import Bank (Afreximbank), through its development impact investment arm, the Fund for Export Development in Africa (FEDA), has officially appointed One Street Studios as the Co-General Partner of the Pan-African Film Fund. The landmark initiative aims to mobilize up to $1 billion to accelerate the growth of Africa's film, television, and broader creative industries.[1]
The appointment marks a major milestone in operationalizing one of the largest dedicated investment platforms ever created for African storytelling. Originally launched in May 2025 under Afreximbank's Creative Africa Nexus (CANEX) program, the fund is designed to channel long-term capital into the continent's rapidly expanding audiovisual sector.[2][3]
Rather than merely financing individual films, the Pan-African Film Fund targets the entire creative value chain. The vehicle will provide a mix of equity, quasi-equity, and structured financing to support content development, production, and post-production infrastructure. It also aims to expand digital streaming platforms and strengthen global distribution networks for African-produced content.[1][4]
"The partnership between FEDA and One Street Studios is most timely and strategic," said Afreximbank President Dr. George Elombi. He noted that the collaboration serves as a crucial bridge connecting the African diaspora with the continent, while empowering the creative economy to take full ownership of its narratives. "It allows us to produce what we consume and consume what we produce," Elombi added.[3]
One Street Studios, a production company that finances and develops creative projects, brings significant industry expertise to the partnership. Lavaille Lavette, the newly appointed Chief Executive Officer of the Pan-African Film Fund and Managing Partner at One Street Studios, emphasized that Africa's creative industries are entering a defining moment. Lavette previously co-founded JVL Media alongside Academy Award winner Viola Davis and producer Julius Tennon.[3][4]
"Through the Pan-African Film Fund, we will mobilize long-term capital that supports creators, strengthens production capacity, and builds sustainable global distribution pathways for African storytelling," Lavette stated. FEDA CEO Emmanuel Assiak echoed this sentiment, highlighting that the initiative will provide African storytellers with the financial backing needed to reach international markets while retaining control over their intellectual property.[1][3]
The fund will prioritize export-oriented projects that demonstrate strong global distribution potential. By leveraging partnerships with established international studios, streaming platforms, and distributors, the initiative aims to build a robust pipeline of commercially viable, bankable opportunities. This strategy addresses a longstanding structural constraint in the African entertainment sector: the lack of access to patient, large-scale capital capable of competing with North American, European, and Asian markets.[2]
For investors and policymakers, the significance of the $1 billion target extends far beyond cinema. The initiative reflects a broader economic strategy recognizing the creative economy—alongside agriculture, manufacturing, and technology—as a primary engine for growth. Africa's youthful demographic, expanding digital connectivity, and the rising global appetite for diverse streaming content position the sector as a high-value export industry capable of generating foreign exchange earnings and skilled employment.[2][4]
Ultimately, the Pan-African Film Fund seeks to transform the continent from a mere location for foreign productions into a self-sustaining, globally competitive hub for audiovisual creation. By bridging the gap between creative talent and institutional capital, the fund is betting that African storytelling can become one of the continent's most lucrative and culturally influential exports in the coming decade.[1][2]
Where opinion splits
Development Financiers
Focus on the creative sector as an untapped engine for job creation, foreign exchange earnings, and economic diversification.
Institutions like Afreximbank view the creative economy not just as cultural expression, but as a critical pillar of macroeconomic strategy. By injecting institutional capital into the sector, they aim to overcome the structural constraints that have historically limited African exports. This perspective argues that a robust, self-sustaining audiovisual ecosystem can generate significant foreign exchange earnings and skilled employment for the continent's youthful population.
Creative Industry Executives
Emphasize the need for structural investments in studios, distribution, and intellectual property ownership to elevate African storytelling.
For decades, African creators have relied on piecemeal financing or foreign grants, often forcing them to surrender the intellectual property rights to their own stories. Industry leaders argue that the Pan-African Film Fund provides the patient, large-scale capital necessary to build physical studio infrastructure and establish global distribution networks. This empowers local creators to retain ownership of their narratives and compete directly with established entertainment markets in North America and Europe.
Private Equity Investors
Look for bankable, export-oriented projects that offer strong commercial returns through global streaming and distribution partnerships.
From an investment standpoint, the focus is on commercial viability and scalable returns. Private equity partners are drawn to the fund's strategy of prioritizing export-oriented projects with strong international distribution potential. By leveraging partnerships with global streaming platforms and studios, investors see a structured, de-risked pipeline of bankable opportunities that tap into the rising global demand for diverse, authentic content.
Key points
- Afreximbank and FEDA have appointed One Street Studios to co-manage the $1 billion Pan-African Film Fund.
- The fund will invest across the entire audiovisual value chain, including production, infrastructure, and distribution.
- It aims to position Africa's creative industries as a major economic driver and global export sector.
- The initiative provides a mix of equity and structured financing for commercially viable, export-oriented projects.
Unanswered questions
- The specific timeline for when the first slate of funded projects will be announced or enter production.
- How the $1 billion target will be split between equity investments, debt financing, and infrastructure development.
- Which global streaming platforms or international studios will be the first to officially partner with the fund for distribution.
How we got here
2020
Afreximbank introduces an initial $500 million facility to support Africa's creative and cultural industries.
Nov 2022
Afreximbank announces plans to double its creative industry funding to $1 billion at the CANEX WKND event in Abidjan.
May 2025
The Pan-African Film Fund is officially launched under the Creative Africa Nexus (CANEX) program.
Jul 2026
One Street Studios is appointed as Co-General Partner to manage and deploy the $1 billion fund.
- Development Financiers
- Focus on the creative sector as an untapped engine for job creation, foreign exchange earnings, and economic diversification.
- Creative Industry Executives
- Emphasize the need for structural investments in studios, distribution, and intellectual property ownership to elevate African storytelling.
- Private Equity Investors
- Look for bankable, export-oriented projects that offer strong commercial returns through global streaming and distribution partnerships.
Perspectives this story doesn't cover
- Independent African filmmakers seeking micro-financing or grants outside of large-scale commercial structures.
- Local African broadcasters competing with global streaming platforms for content rights.
Sources
[1]Egypt TodayDevelopment FinanciersAfreximbank, FEDA appoint One Street Studios to manage $1B Pan-African Film Fund
Read on Egypt Today →
[2]BusinessDay NigeriaDevelopment FinanciersAfreximbank targets $1bn for Africa's film industry in biggest creative sector bet
Read on BusinessDay Nigeria →
[3]Zambia MonitorPrivate Equity InvestorsAfreximbank appoints One Street Studios to help manage $1 billion Pan-African film fund
Read on Zambia Monitor →
[4]Broadcast Media AfricaCreative Industry ExecutivesAfreximbank Launches US$1 Billion Pan-African Film Fund To Boost African Cinematic Landscape
Read on Broadcast Media Africa →
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