Over 200 delegates drawn from the film industry, channel owners and financial sector will be meeting in Nairobi next week to find ways of promoting and accelerating development of the film and audio visual sector in Africa through commercial funding.
The two-day Africa Film Finance Summit which will be held on the 13th and 14th of this month will offer a platform for financial institutions, filmmakers, entrepreneurs and regulators to learn from their experienced peers on 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 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 who will be discussing factors that are critical to accessing commercial financing for film makers, Mr. Kennedy Wanderi, Ag Executive Director, ICDC Kenya will be talking about opportunities in the value chain of the Kenya Audio Visual and cinema industry and Paul Raleigh of Hollard Insurance Co. Ltd, South Africa who will handle understanding the risks and mitigation strategies in film financing.
Other speakers will include 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 i.e. 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 forOctober 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