News & Events

The African Export-Import Bank (Afreximbank) is actively working towards establishing a $1-billion African Film Fund, scheduled for launch in 2024. Kanayo Awani, Executive Vice President at Afreximbank, made this announcement during the 2023 CANEX Summit in Cairo, held as part of the third Intra-African Trade Fair (IATF2023). The fund aims to support the African film industry by overseeing film financing, co-financing with large studios, and providing financial assistance to filmmakers, producers, and directors across the continent. Mrs. Awani highlighted that the Bank had increased its financing commitment to the creative sector from US$500 million to US$1 billion during CANEX WKND 2022, with a current pipeline of over US$600 million in various creative industries.

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Diwali has cultural and religious significance across various communities, including Hindus, Jains, Sikhs, and some Buddhists. Each community has its own unique traditions and stories associated with Diwali. The festival is a time for joy, gratitude, and reflection, with families coming together to celebrate and seek blessings for prosperity and well-being in the coming year. Diwali is a vibrant and festive occasion that spreads warmth and happiness throughout the communities that observe it. People also burst fireworks, exchange gifts, and share festive meals with family and friends.