Next Narrative Africa, a multimedia entertainment production company, telling African stories for global impact and HEVA Fund, a creative industries-focused investments, advisory and knowledge solutions group, have announced the launch of The Next Narrative Africa Fund during the United Nations General Assembly (UNGA). The fund will raise and deploy $30m in equity financing and $10m in grants to support high-impact audio-visual content made in Africa over the next four years. This fund seeks to drive innovation, economic growth and job creation, in Africa’s burgeoning TV, Film and New Media sectors.
Despite the continent’s abundance of vibrant cultures and narratives, filmmakers from Africa have for many years faced roadblocks to effective participation in the wider film economy – including financing, and access to relevant resources. By attracting new partners and capital, The Next Narrative Africa Fund will enable audio-visual creatives on the continent and the diaspora to tell powerful, authentic stories that not only entertain, but also tackle socially relevant themes and transform the stereotypical presentation of Africa in Western media. It will develop commercially appealing content which offers investors a strong return on investment while simultaneously transforming Africa’s creative industries.
Showcasing some of Africa’s brightest talent, the new fund will be announced at “The Bridge”, an event hosted by Next Narrative Africa at the world-famous Apoll.
