AfricaArt & CultureNews

Afreximbank to Support Construction of Film, Studio Complex in Nigeria

ADDIS ABABA – African Export-Import Bank (Afreximbank) and the Silverbird Group signed a partnership agreement to build West Africa’s largest film studio complex in Lagos, Nigeria.

Afreximbank and Silverbird signed the agreement on the sidelines of the Africa Investment Forum Thursday.

The project, the Ben Murray-Bruce Studios and Film Academy (BMB Studios and Film Academy), will be built on the 32,725 square meter land area in Eko Atlantic City.

It involves two purpose-built sound stages, a Digital Hub with music and broadcast studios, editing bays, screening rooms, a Studio backlot, Production Offices, and a Film Academy.

Afreximbank says the project seeks to accelerate Africa’s lucrative film and television industries, and attract large-scale international productions to Africa.

Kanayo Awani, Executive Vice President – of Intra African Trade Bank, said the deal “is of the utmost importance.”

The project provides significant support to Africa’s burgeoning film industry, as well as a range of sectors in the creative industries, she said.

“This industry is bankable, and we aim to support its growth, expansion, and sustainability. Afreximbank is proud to support this project,” Awani added.

The development of the BMB Studios and Film Academy is in line with Afreximbank’s Creative Africa Nexus (CANEX) Initiative, a program established by the Bank to support Africa’s creative and cultural industry.

CANEX also supports fashion, film, musicians, and actors who aim to monetize their content across the digital landscape.

Featured Image Caption: The Partnership agreement was signed by Mrs. Helen Brume, Director of Project & Asset-Based Finance, Afreximbank, and Ben Murray-Bruce, Founder of Silverbird Group.