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Tuesday, March 21, 2023

Afreximbank, Silverbird Sign MoU to Construct World Class Film, Studio Complex in Nigeria

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African Export-Import Bank (Afreximbank) and the Silverbird Group have signed an MoU in an agreement to construct a state-of-the-art and Africa’s largest film and studio studio complex in Nigeria.

The Partnership was signed by Mrs. Helen Brume, Director Project & Asset-Based Finance, Afreximbank and Mr. Ben Murray-Bruce, Founder of Silverbird Group.

The ground-breaking project, the Ben Murray-Bruce Studios and Film Academy (BMB Studios and Film Academy), will transform the 32,725 square meter land area in Eko Atlantic City into two purpose-built sound stages, a Digital Hub with music and broadcast studios, editing bays, screening rooms, Studio backlot, Production Offices and a Film Academy designed to meet the aspirations of today’s and tomorrow’s content creators.

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 project will also increase local employment, stimulate business growth, and equip African talents with world class technical skills and experience in film and television production through the establishment of a Film Academy.

The development of the BMB Studios and Film Academy is in line with Afreximbank’s Creative Africa Nexus (CANEX) Initiative, a programme established by the Bank to support Africa’s creative and cultural industry.

Recognising the bankability of Africa’s creative industry, the CANEX programme is designed for African creatives and digital innovators and experts. CANEX also supports fashion, film, musicians and actors who aim to monetise their content across the digital landscape.

Speaking on the initiative, Executive Vice President, Intra African Trade Bank, Mrs. Kanayo Awani, said:

“The deal we are signing today is 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.”

David Howell, Chief Executive Officer (CEO) of MetFilm School, the education partners of the project said “MetFilm School is delighted to work with Silverbird on this exciting project. Our mission is to inspire a new generation of creative screen professionals, educating them in the new world of storytelling across all screen types. Our partnership with the BMB Studios and Film Academy will open opportunities to a new audience of future filmmakers and screen professionals.”

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