Afreximbank appoints One Street Studios to co-manage $1 billion Pan-African Film Fund
via Egypt Today2 min read
The African Export-Import Bank Afreximbank, through its development impact investment arm, the Fund for Export Development in Africa FEDA, has appointed One Street Studios as Co-General Partner of the Pan-African Film Fund. This initiative aims to mobilize up to $1 billion for Africa's film and creative industries. Launched in May 2025 under Afreximbank's Creative Africa Nexus CANEX program, the fund will finance projects across Africa's film, television, and immersive media sectors, supporting the continent's goal to become a globally competitive hub for audiovisual production. The fund will invest across the industry's value chain, including content development, production, film distribution, digital streaming platforms, production studios, and post-production infrastructure. It will offer a mix of equity, quasi-equity, and structured financing, focusing on export-oriented projects with strong international distribution potential. FEDA and One Street Studios will jointly manage the fund, combining investment expertise with industry experience to build a pipeline of commercially viable creative projects. George Elombi, President and Chairman of Afreximbank, stated that the partnership connects the African diaspora with the continent and empowers Africa's creative economy. Lavaille Lavette, CEO of the Pan-African Film Fund and Managing Partner at One Street Studios, noted the initiative will mobilize long-term capital to strengthen production capacity and expand global distri
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The Egyptian Red Crescent has launched its 231st humanitarian aid convoy, named "Zad El-Ezza... From Egypt to Gaza," destined for the Gaza Strip. This convoy includes several trucks carrying over 2,320 tons of humanitarian aid. The supplies consist of food baskets, flour, medical supplies, relief materials, essential medicines, and petroleum products crucial for operating hospitals and other vital facilities in Gaza. The Egyptian Red Crescent has maintained a continuous presence at the border since the crisis began, with the Rafah crossing on the Egyptian side remaining operational for humanitarian coordination. The organization has also kept its logistics centers at a high level of readiness. Through the efforts of more than 65,000 volunteers, the Egyptian Red Crescent has facilitated the delivery of over one million tons of humanitarian and relief aid to the Gaza Strip.
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