Afreximbank targets $1bn for Africa’s film industry in biggest creative sector bet

Afreximbank African Export-Import Bank (Afreximbank) is making its biggest push yet into Africa’s creative economy, targeting the mobilisation of up to $1 billion for the continent’s film and audiovisual industry through the Pan-African Film Fund, in a move aimed at … Continued

Red Sea Fund Opens Post-Production Support Programme for Saudi, Arab, African Filmmakers

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Administered by the Red Sea Film Foundation, the programme provides post-production funding for feature films, documentaries, and animated productions that have completed principal photography. Eligible projects can receive support for editing, sound design, colour grading, visual effects, and other finishing … Continued

Spanish government invests massive €40m in two international production companies, Ítaca Films Madrid and Good Films Studios Spain

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The investment forms part of an initial €45m public-private financing operation involving Grupo Ítaca and international investment vehicle Omegas Capital, which is bringing international equity from several countries into Spain’s audiovisual sector.   Source: https://www.screendaily.com/news/spanish-government-invests-massive-40m-in-two-international-production-companies/5217845.article