African content creators receive $40M initiative, including $30M equity financing and $10M grants over four years, announced during UN General Assembly.

Next Narrative Africa and HEVA Fund have launched a $40 million initiative to support African content creators. Announced during the UN General Assembly, the fund will provide $30 million in equity financing and $10 million in grants over four years, focusing on projects with budgets of $1 to $5 million. It aims to promote themes like equity and climate change while enhancing the African film and TV ecosystem, with investments expected to start in 2025.

September 26, 2024
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