Showbiz
Afreximbank Floats $1bn African Film Fund
By Adedapo Adesanya
The African Export-Import Bank (Afreximbank) is establishing a $1 billion African Film Fund in 2024 to support the continent’s movie industry.
This information was disclosed by the Executive Vice President for Intra-African Trade Bank at Afreximbank, Mrs Kanayo Awani, in Cairo, Egypt, during her address at the opening of the 2023 Creative Africa Nexus (CANEX) Summit held as part of the third Intra-African Trade Fair (IATF2023).
IATF2023 is Africa’s largest trade and investment fair opened yesterday and will run till November 15, 2023.
Mrs Awani said that the fund would oversee film financing, co-finance with large studios, finance African filmmakers, and finance producers and directors of film projects across the continent.
She noted that during CANEX WKND 2022, its initiative to support Africa and the African Diaspora’s creative and cultural industries by providing financing and non-financing instruments, the bank had increased the financing it was making available to the creative sector from $500 million to $1 billion and that the bank currently had a pipeline of over $600 million in film, music, visual arts, fashion, and sports deal.
“The very first film we financed recently premiered at the Toronto Film Festival,” Mrs Awani said, adding, “The bank has several in the pipeline from Nigeria, South Africa, and Kenya, which should be on streaming platforms in 2024.”
Acknowledging that the film and audiovisual industries in Africa accounted for $5 billion of the continent’s GDP and employed an estimated five million people, with the potential to create over 20 million jobs and generate $20 billion in revenues annually, Mrs Awani noted that the sector faced several challenges, including limited access to financing and copyright infringement due to weak copyright laws, enforcement mechanisms and a lack of awareness.
The sector was also confronted with infrastructure and technology gaps, lack of capacity and shortage of skilled professionals, and limited market access and international exposure, as a result of which African creative and cultural products often struggle to gain exposure and access to international markets.
Earlier, Boris Kodjoe, a celebrity actor of Ghanaian descent, highlighted how the creativity of Africans had influenced various aspects of modern life, including music, fashion, art, design, social consciousness, business, sports, film and TV. He said that the exploitation of black creativity by the West had had lasting effects and that, despite admiration of black excellence, Africa still faced branding challenges due to external perception fuelled by the traditional media’s depiction of poverty, famine, civil wars and migration on the continent.
The seven-day CANEX Summit is intended to further develop conversations and provide additional business-to-business and business-to-government opportunities. It includes a fashion show featuring a range of bold and exciting designs from across Africa and the Diaspora and a CANEX Music Factory, hosted by renowned South African producer Oskido, which will provide songwriters and beatmakers with the opportunity to record their work.
The CANEX programme set up by Afreximbank seeks to facilitate the development and growth of the creative and cultural industries in Africa and the diaspora. The programme provides a range of financing and non-financing instruments and interventions aimed at supporting trade and investment in Africa’s creative sector.
The wait is almost over. On July 26, Big Brother Naija returns for its eleventh season, bringing with it a brand-new theme, fresh housemates and another chapter of the reality show that continues to dominate conversations across Africa.
While fans are still guessing who will make it into Biggie’s House, one thing is already clear: this season is raising the stakes.
Everything Is For The Taking
This year’s theme, Everything Is For The Taking, sets the tone for what promises to be one of the most competitive seasons yet. It suggests a game where every task, every alliance and every decision could make the difference between staying in the House and walking away with the grand prize.
For the new housemates, nothing will come easy. They’ll have to earn every opportunity, win over viewers and navigate the twists that have become a hallmark of the BBNaija experience.
A New Set of Housemates, Endless Possibilities
As always, the identities of the new housemates remain under wraps, but that has only added to the excitement.
Every BBNaija season introduces a unique mix of personalities. Some become fan favourites almost overnight, others surprise everyone with their strategy, while a few create unforgettable moments that keep social media buzzing throughout the season.
Who will become this year’s breakout star? Fans will soon find out.
Big Brands Return for Season 11
Season 11 will once again feature some of Nigeria’s biggest brands, with betPawa as the headline sponsor, House of Guinness as the gold sponsor and Minimie as the associate sponsor.
Their continued partnership reflects the cultural impact and wide audience the show continues to attract year after year.
The Countdown Begins
With the premiere just around the corner, anticipation is building for another season of drama, competition, unexpected twists and unforgettable moments.
Whether you’re tuning in for the games, the relationships, the strategy or the entertainment, BBNaija Season 11 promises another exciting ride.
The countdown has officially begun, and if the theme is anything to go by, this season will remind everyone that in Biggie’s House, everything truly is for the taking.
To upgrade, subscribe or reconnect, download the MyGOtv App or dial *288#. For catch-up and on-the-go viewing, download the GOtv Stream App and enjoy your favourite shows anytime, anywhere.
When Pragya and Abhi’s complicated love story kept viewers glued to their screens in Kumkum Bhagya, many Nigerian homes were already familiar with the emotional rollercoaster that ZeeWorld dramas bring. From hidden identities and unexpected betrayals to family members standing in the way of love, the show became one of the many dramas that turned ordinary evenings into moments of suspense and heated conversations.
The same happened with This is Fate, where viewers followed the journey of characters like Prachi and Ranbir through love, misunderstandings and family conflicts. Every revelation, heartbreak and reunion became something audiences discussed long after the episode ended.
This is the magic ZeeWorld has created over the years. The channel has mastered a style of storytelling built around emotions Nigerians connect with.
For many Nigerian women, ZeeWorld is not just another entertainment channel. It has become part of everyday routines, family conversations and shared viewing experiences.
Here is why it continues to hold their attention.
Love Stories That Keep Viewers Invested
ZeeWorld understands the power of romance, especially when love is tested. Love is never simple in ZeeWorld’s dramas. Characters have to deal with family expectations, misunderstandings, betrayal and difficult choices before finding happiness. This emotional journey keeps viewers invested because they are not just watching a love story unfold; they are hoping for the characters to overcome every obstacle.
Family Drama That Feels Familiar
Beyond romance, ZeeWorld’s biggest strength is its focus on family. Many of its storylines explore themes Nigerians understand deeply, parental expectations, family loyalty, marriage pressures and the desire to protect loved ones. While the settings may be different, the emotions feel familiar. The mother trying to protect her child, the family fighting to preserve its name or the woman trying to find acceptance are experiences that resonate with many viewers.
Characters Who Become Part of the Conversation
A major reason ZeeWorld has built such a loyal audience is the connection viewers have with its characters. Fans celebrate their favourite characters, criticise their decisions and debate their choices like they are discussing people they know. A storyline from a ZeeWorld drama can easily become the main topic of conversation among friends, sisters or family members.
The Joy of Watching Together
In a world where streaming has made entertainment more individual, ZeeWorld still represents the traditional television experience where people gather around the same screen and share reactions together. It is the channel playing while dinner is being prepared, the show discussed during visits and the reason viewers make sure they do not miss an important episode.
Television trends may change and new streaming platforms may emerge, but stories built on love, family and human emotion rarely go out of style. As long as ZeeWorld continues to tell those stories, it will keep giving Nigerian women a reason to tune in, laugh, cry and ask the same question at the end of every episode.
Don’t miss your favorite Zee World shows on GOtv Ch 30.
To upgrade, subscribe or reconnect, download the MyGOtv App or dial *288#. For catch-up and on-the-go viewing, download the GOtv Stream App and enjoy your favourite shows anytime, anywhere.
There wasn’t a dry eye in the MasterChef Nigeria kitchen as fan favourite David bowed out in one of the most emotional episodes of the season, leaving Fads and Favy as the final two contestants standing in the race for the life-changing ₦73 million grand prize.
With the grand finale within touching distance, the Top 3 walked into the kitchen to find an elegantly laid dining table and an exquisite signature dish created by Chef Eros and Chef Stone. After savouring the meal alongside the judges, they received what would become the defining challenge of their MasterChef journey: recreating the dish with absolute precision to earn a coveted place in the finale.
There were no second chances. With Favy’s immunity pin already behind her, all three contestants stood on equal footing.
“Precision is your friend. Panic is your enemy,” Chef Stone cautioned as the clock began to tick.
For Fads, the challenge became her finest hour. Calm, focused and technically brilliant, she delivered a plate that impressed the judges with its flawless execution, balanced flavours and refined presentation. Her performance earned her Dish of the Day and secured her place as the first finalist.
Favy also rose to the occasion, presenting a dish that won praise for its taste and composure under pressure.
David, however, struggled to bring his vision to life. Despite pouring everything he had into the cook—admitting he had cooked with his “last breath”—his risotto lacked the required texture, while his duck fell short on flavour. In a competition where every detail mattered, those small imperfections had enormous consequences.
Standing beside Favy in the bottom two, David waited anxiously as the judges delivered their final decision.
His MasterChef journey had come to an end.
What followed was one of the season’s most unforgettable moments. Overcome with emotion, David broke down as he reflected on how far he had come. Across the room, Favy was so consumed by the moment that she barely realised she had secured her place in the finale.
Yet even in defeat, David’s story found a remarkable new beginning.
Moved by his passion, determination and undeniable talent, the judges described him as “a diamond in the rough” and rewarded his potential with an extraordinary opportunity: a fully sponsored six-month professional training programme at Chef Stone’s Red Dish culinary school, followed by a paid six-month internship at Chef Eros’s Ile Eros restaurant.
It was a powerful reminder that while competitions may end, dreams do not.
Now, the table is set for an unforgettable finale.
Next week, Fads and Favy will go head-to-head in one last culinary showdown for the MasterChef Nigeria title and the life-changing ₦73 million prize.
Two finalists. One kitchen. One final opportunity to create the dish that changes everything.
MasterChef Nigeria airs every Sunday at 7:00 p.m. on Africa Magic Showcase and Africa Magic Family, with repeat broadcasts on Wednesdays at 6:00 p.m. on Africa Magic Showcase and Thursdays at 12:00 p.m. on Africa Magic Family.
