Global Investors Rally Behind Afro Film Fund to Transform African Storytelling

Ayodeji Ake

The EbonyLife Group in partnership with Kuramo Capital Management has announced the Afro Film Fund’s groundbreaking participation in the prestigious Africa Investment Forum (AIF) boardroom sessions.

Organised by the African Development Bank (AfDB) and the Africa Investment Forum, the platform connects transformative projects with global investors.

According to the Chief Executive Officer, EbonyLife Group, Mo Abudu, “We are at a pivotal moment where finding African solutions to African challenges in the creative sector is no longer optional; it’s essential by leveraging our unique perspectives, resources, and talents, we can empower African storytellers, create opportunities, and shape a future that reflects the richness and diversity of our culture.”

Founder and CEO of Kuramo Capital Management, Wale Adeosun, emphasised the transformative potential of the Fund

He said: “The Afro Film Fund represents a bold step in unlocking the untapped potential of Africa’s creative industries. Our collaboration with EbonyLife underscores our shared belief in storytelling as a driver of economic growth, cultural pride, and global recognition. At Kuramo Capital Management, we are committed to leveraging our private equity fund management expertise to make this vision a reality.”

In boardroom sessions, investors expressed keen interest in the Fund’s innovative approach and its potential to reshape Africa’s creative sector.

Technical Adviser to the President on Foreign Direct Investment, Princess Zahrah Mustapha Audu, praised the Afro Film Fund as a landmark initiative.

She said: “The Nigerian Government is committed to creating an enabling environment that attracts substantial foreign investment into the sector. Mo Abudu’s vision is truly commendable. The office of the Vice President is committed to providing in securing this investment and fostering growth within the creative industry.”