Africa film sector financing taking centre stage in Nairobi

Share

Nairobi, October 2016 – More than 200 delegates drawn from the film industry, channel owners and financial sector will be meeting in Nairobi later this month to find ways of promoting and accelerating development of the film and audio visual sector in Africa through commercial funding.

The October 13-14 Africa Film Finance Summit will offer a platform for financial institutions, filmmakers, entrepreneurs and regulators to learn from their experienced peers about what it takes to fund the sector.

Speaking ahead of the film festival, FEPACI Executive Director Jane Murago-Munene said the summit’s goal is to mobilize US$200 million in two years and catalyze the growth of commercial funding for Africa’s audiovisual and cinema sector. The funding seeks to enhance the quality and quantity of films, documentaries and other forms of audiovisual productions.

Some of the key speakers at the Summit will include:

  • Mr. Balufu Bakuba, a filmmaker: He will discuss factors that are critical to accessing commercial financing for film makers;
  • Mr. Kennedy Wanderi, Ag. Executive Director, ICDC Kenya: He will talk about opportunities in the value chain of the Kenya audio visual and cinema industry;
  • Mr. Paul Raleigh of Hollard Insurance Co. Ltd, South Africa: He will handle the subject of understanding the risks and mitigation strategies in film financing.
  • Mr. Stephen Kirogo, Kenya’s Principal Administrative Secretary & Assistance Secretary to the Cabinet; and
  • Dr. Stanislas Meda, Burkina Faso’s Public Incentives for Audiovisual and Cinema Industry in West Africa.

The delegates will include representatives from audiovisual and cinema entrepreneurs, such as filmmakers, scriptwriters, producers, studio owners and distributors, television, movie theater and on-line video, bankers and insurance executives, film commissions, communication and broadcast.

The expected outcome is the launch of commercial film funding partnerships. The summit will be part of the Ambika Afrika Safari Film Festival scheduled for October 12-19 in Nairobi. The festival themed “The Africa We Want: One Africa, One Vision, One Destiny” – will have a series of events, including film screenings, the Africa Film Finance Summit and the Africa Film Forum that will showcase the best in quality, impactful feature films and documentaries that advance the African story.