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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.
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Los creadores de contenido africanos reciben una iniciativa de 40 millones de dólares, que incluye fondos de 30 millones de dólares y subvenciones de 10 millones de dólares durante cuatro años, anunciada durante la Asamblea General de las Naciones Unidas.