Entertainment

Exciting Partnership: One Street Studios Teams with Afreximbank & FEDA for $1B Film Fund

Time:2010-12-5 17:23:32  Author:Fashion   Source:Encyclopedia  Views:  Comments:0
Summary:Exciting Partnership: One Street Studios Teams with Afreximbank & FEDA for $1B Film Fund The Fund r

Exciting Partnership: One Street Studios Teams with Afreximbank & FEDA for $1B Film Fund
The Fund represents one of the largest dedicated film investment platforms for Africa's creative industries and signals a major push to connect African storytelling with global capital markets. CAIRO, July 9, 2026 /PRNewswire/ -- African Export-Import Bank (Afreximbank) and the Fund for Export Development in Africa (FEDA) announced today a landmark collaboration with One Street Studios to launch a $1 billion film fund aimed at accelerating production, distribution, and talent development across the continent.

**Introduction**
The new initiative, unveiled at a press conference in Cairo, positions Africa as a rising hub for cinematic innovation. By pooling Afreximbank’s trade finance expertise, FEDA’s development‑focused capital, and One Street Studios’ production pedigree, the fund seeks to bridge the financing gap that has long hampered African filmmakers.

**Key Developments**
- **Capital Commitment:** The fund will deploy $1 billion over the next five years, with an initial tranche of $250 million earmarked for feature films, documentaries, and series in Nigeria, Kenya, South Africa, and Egypt.
- **Co‑Production Model:** Selected projects will receive equity stakes alongside technical support, including access to One Street Studios’ sound stages and post‑production facilities in Lagos and Johannesburg.
- **Capacity Building:** A parallel training program will upskill 5,000 emerging creatives in scriptwriting, cinematography, and digital distribution, funded through FEDA’s grant mechanisms.
- **Market Access:** Afreximbank will leverage its network of African export agencies to secure international sales agreements, ensuring that funded titles reach festivals and streaming platforms worldwide.

**Industry Analysis**
Africa’s film sector generated roughly $5 billion in revenue in 2025, yet only 12 % of that value came from externally financed productions. Analysts note
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