.afreximbank signs $100m deal with Silverbird to build film studio in Lagos | TheCable
The African Export-Import Bank has signed a partnership agreement with Silverbird Group for the construction of a “world class” film studio complex in Lagos, Nigeria.
“The project seeks to accelerate Africa’s lucrative film and television industries, attract large scale international productions to Africa, and establish a creativity cluster which will draw in companies and talents working in similar and related sectors,” the statement reads. Speaking on the partnership, Kanayo Awani, executive vice president, Intra African Trade Bank, said the deal was of the utmost importance, not only for the significant support it provides to Africa’s burgeoning film industry, “but especially because of the studio’s multipurpose potential to serve a range of sectors in the creative industries, from music and film to gaming and virtual reality”.
On his part, Murray-Bruce said the BMB Studios and Film Academy is a response to Africa’s need for world-class technical skills and facilities that will accelerate the growth of its creative industries sector.“From Netflix to Madison Square Gardens in New York, audiences are revelling in the magic of African storytelling,” he said.
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