Tag Archives: Afreximbank

Ivory Coast to host Canex Wknd

The Canex Summit took place in Durban, South Africa, last year

A new event aimed at connecting Africa’s creative and cultural industries is due to take place in Abidjan, Ivory Coast, from November 25 to 27.

Presented by the African Export Import Bank (Afreximbank) in collaboration with the Ivory Coast government, Canex Wknd is intended to bring together creatives, industry leaders, potential investors, buyers and businesses from across Africa and the diaspora.

The three-day event will focus on the film, TV, music, gaming, VR, digital, music, immersive technology and design sectors. According to the organisers, it will be an opportunity to network and exhibit fashion, visual arts, crafts and other creative products in a dynamic market.

There will also be masterclasses, educational programmes and in-depth panel discussions on the key challenges facing the African creative environment, recommendations on implementable interventions, film distribution, access to finance and more.

Film and film policy will be strongly featured in the Canex programme, according to the organisers. In addition to experts on relevant panels and a dedicated breakaway session, a red-carpet film event will take place.

“The all-important Francophone film sector will be pulled in to ensure that the conversations and outcomes are truly pan-African in their perspective and impact,” said Canex Wknd’s organisers in a statement.

Emerging and independent creatives who wish to take part in the event can register here.

Canex Wknd will be an important milestone in Afreximbank’s implementation of its Creative Africa Nexus (Canex) programme, a multi-faceted initiative aimed at supporting and developing Africa’s rapidly growing creative sector.

The Ivory Coast event comes after the Canex Summit that took place as part of the Intra-African Trade Fair (IATF) in Durban, South Africa, last year. The next IATF event will take place in Abidjan on November 21-27 next year.

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AAA gets $3.8m funding from Afreximbank

Representatives from AAA and Afreximbank meet to sign the development deal

African distribution company AAA Entertainment has received a US$3.8m film finance development facility from multilateral trade finance institution African Export–Import Bank (aka Afreximbank).

The facility will support the development and production of 11 greenlit film projects, in collaboration with production companies from Kenya, Zimbabwe, Nigeria and South Africa.

Afreximbank said the projects will employ the services of cast, crew and small to medium-sized enterprises of different African nationalities for all productions.

“We believe the facility will allow for more intra-African coproduction agreements, fostering a more integrated film value chain for the continent,” said the bank.

Johannesburg- and Lagos-based AAA Entertainment is one of the few all-round African sales and distribution companies. It both exports African content to the world market and distributes content within Africa to all linear and non-linear platforms and theatrical outlets.

The company is also one of the few Netflix content partners in Africa that works with several global aggregators and distributors for the biggest digital content platforms, like Amazon, iTunes, Google Play, Hulu, Sony, X Box and Vudu.

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Silverbird, AAA agree $50m partnership

Nigerian media and entertainment company Silverbird Group and Lagos-based AAA Entertainment have signed a US$50m deal to develop and produce a slate of cinematic African feature films on the continent.

Mayenzeke Baza

The agreement took place at the Intra African Trade Fair (IATF) held at Durban South Africa from November 15 to 21. The deal will draw on the African Export Import Bank (Afreximbank)’s US$500m Creative Industry Programme for financing.

AAA will bring to the partnership an experienced film development, financing and production team, facilities and partnership network. Silverbird Group brings its cinema exhibition and distribution infrastructure and experience in West Africa and the rest of the continent, as well as its studio facilities and network in Los Angeles.

Mayenzeke Baza, AAA’s head of distribution and financing, said: “We are excited about this partnership as it provides an opportunity to create great content between the two biggest markets on the continent, namely Nigeria and South Africa, and allows us to access pan-African private equity and state funding.”

Ben Murray-Bruce, founder of Silverbird Group, said: “Silverbird has a long history in the Nigerian media and entertainment sector. We began our journey as a live entertainment events company and expanded that into a network of television and radio station properties.

“We have successfully built the premiere West African film distribution and exhibition company and now it is with excitement that we pivot into the feature film production sphere by announcing our partnership with AAA Entertainment.”

Ben Murray-Bruce

According to Afreximbank, the partnership will be working exclusively with African and African American talent, looking to bridge the two markets and talent communities.

The first talent collaboration initiated by the Silverbird Group is with Vincent Berry II, the Grammy-winning producer, songwriter and board member of the Creative African Advisory Group, who was present at the signing of the partnership at the Afreximbank stand at the IATF.

Berry said: “I am so grateful to be partnering with AAA Entertainment and the Silverbird Group to produce music for the films that will showcase African talent and serve as bridge between talent across the diaspora and the continent.”

AAA has distributed and exec produced some of the biggest South African box office hits and is looking to expand that success to the rest of the continent.

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