We have reported to you that Capital Film Productions, a film financing firm, has officially launched and announced its mission to build a $50 million fund for investment in African movies.
Founded by Adim Isiakpona, a former Intel, HP, and Google employee, and Hamza Kassim, a business opportunity manager at Shell, the film investment firm announced its official launch and mission to build a $50 million fund to invest in promising filmmakers, enabling them to produce high-quality films that shine a global spotlight on Africa’s film industry.
Both co-founders were executive producers of the Nollywood hits Gangs of Lagos.
Why is CFP’s investment interest a win for Nollywood and the country (Nigeria)?
Isiakpona’s story about Capital Film Productions resonates with Nollywood’s path to glory.
He puts it this way:
“In a way, Capital Film is a dream come true for us. It all started off as a scrappy idea with “Our First Act,” raising funds from our personal finances to support film projects, to a “Second Act” that saw us managing Liquidity Provider’s funds. From these experiences, we’ve seen firsthand how access to adequate funding and support can uplift the entire production of a film and potentially the industry. Our “Third Act” is already in full swing, and we are raising approximately USD 550,000 to fund six (6) films in 2024 only.”
Well, Capital Film Productions’ investment will do four great things for Nollywood and Africa’s film industry at large:
1. Empowering African Storytellers:
The founders aim to democratize movie investing in Africa, bridging the gap between visionary filmmakers and essential investment capital. Entrepreneurs, tech aficionados, and those interested in impactful African narratives—will find CFP’s mission enlightening and directly relevant.
“We are starting to see tech professionals and even tech-focused investment firms pushing investments into Nollywood movies. As a company democratizing movie investing, we are seeing more and more professionals across tech, consulting, oil and gas, FMCG, and telecommunications coming in to invest in some of our slates”, the founders said.
2. Proven Track Record:
Over the last three years, these entrepreneurs have invested approximately USD 800,000 in blockbuster films like ‘Brotherhood’ and ‘Gangs of Lagos,’ ‘The Party,’ ‘Ada – Omo Daddy,’ ‘The Other Side of The Bridge’ among others.
These investments have been projected to deliver strong double-digit returns, underscoring their keen eye for high-value projects.
With such mentality and vision, they will ‘invade’ Nollywood with a ‘fury’’; expect to see more blockbuster movies on your screens. This will strengthen Nollywood’s ability to compete globally.
3. Strategic Growth:
“Already in our ‘Third Act’, we plan to raise around USD 550,000 to fund six additional films in 2024.
This ambition aligns with Capital Film Production‘s goal of progressively building a $50 million fund and investing in African filmmakers.
4. Ecosystem Development:
Capital Film Productions is not merely a film fund; it’s an entire ecosystem. They are going to catapult the African film industry to global relevance.
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