Next Narrative Africa Fund to Put $40M Into African Film, TV to Empower Creators

Led by Akunna Cook, CEO of Next Narrative Africa, and investment expert Wakiuru Njuguna, managing partner at HEVA Fund, it will prioritize “narrative-shifting content from Africa and its diaspora.”

A new $40 million fund, called the Next Narrative Africa Fund, has been unveiled “to empower content creators in Africa and the diaspora” and finance the development, production and marketing of “projects that confront and shift long-standing narratives about Africa.”

It is being set up by Next Narrative Africa, a multimedia production company “telling African stories for global impact,” and Kenyan creative economy-focused advisory firm HEVA Fund. “The fund will raise and deploy $30 million in equity financing and $10 million in grants to support high-impact television and film projects from Africa over the next four years,” the partners said.