Mo Abudu’s EbonyLife Group and Logical African Partners – the African investment vehicle of France’s Logical Pictures – have announced the creation of a $50 million Afro Film Fund aimed at financing African cinema and supporting the continent’s filmmakers.
The new fund, a joint venture between the Nigerian media conglomerate and the French‑backed investment arm, is designed to provide capital for a slate of productions that will showcase African stories to global audiences.
According to the partners, the Afro Film Fund will allocate its $50 million over the next eight years to finance approximately 35 African films, giving producers access to the resources needed to develop, produce and distribute their projects.
By targeting a broad range of projects across the continent, the fund seeks to bolster local talent, create jobs and strengthen the infrastructure of the African film industry, which has seen a surge in both domestic and international interest in recent years.
EbonyLife Group, known for its television and film content across Africa, and Logical Pictures, a French production company with a growing presence on the continent, said the partnership reflects a shared commitment to nurturing African creativity and expanding the reach of African cinema worldwide.
<small>Source: Variety — read the original story there.</small>
