Financing film projects in Africa

Nigerian Film Actor, Kate Henshaw, emphasized the need for a larger pool of investment to propel the growth of the Nigerian film industry and leverage the opportunities available. Speaking with CNBC Africa at the Africa International Film Festival, Henshaw expressed her optimism about the quality of content emerging from the continent. Henshaw highlighted the evolving landscape of the industry, noting the increasing demand for local and original content. She underscored the role of film festivals in bringing together filmmakers, content providers, distributors, and financiers, providing all the essential tools for creating successful blockbuster movies. The presence of master classes further enhances the skill set of actors and filmmakers, fostering an environment conducive to innovation and excellence. Henshaw emphasized the competitive nature of the industry, with aspiring artists striving to achieve recognition and success in their craft. The international recognition of Nigerian films and the growing interest from investors signal a promising future for the industry. Henshaw acknowledged the necessary investments to bring films to life and stressed the importance of diversifying investment portfolios to include the film sector. Encouraging investors to explore opportunities in content creation, Henshaw highlighted the endless demand for fresh and engaging content across various platforms. She emphasized the significance of supporting local brands and empowering the creative economy to drive economic growth and cultural exports. Reflecting on the government's role in fostering a conducive environment for filmmakers, Henshaw recognized the need for timely intervention to combat piracy and ensure the protection of intellectual property rights. While acknowledging the government's recent efforts to tap into the potential of the creative economy, Henshaw urged policymakers to prioritize the creation of a supportive ecosystem that enables artists to thrive and contribute to the cultural and economic development of the nation. Despite the challenges posed by piracy and market competitiveness, Henshaw remains hopeful that with the right support and investment, the African film industry will continue to flourish and make a significant impact on the global stage.