Afreximbank unveils 2024 CANEX Deal Room for African creative industries

The African Export-Import Bank (Afreximbank) has announced the 2024 CANEX Deal Room, a platform designed to connect creatives with financiers and investors. This initiative aims to support the development and growth of the creative and cultural industries in Africa and the diaspora.

Through the CANEX Deal Room, Afreximbank will provide entrepreneurs in the creative sector with the opportunity to present bankable projects and opportunities to financiers and investors. The bank and its sister financial institutions will consider debt and equity financing for transactions in segments such as film and television, music, franchising, fashion, and infrastructure for the creative industry.

This announcement comes ahead of CANEX WKND 2024, Africa's largest gathering of creative industry professionals, taking place from October 16-19, 2024, in Algiers, Algeria. The event will build on the success of previous editions, including CANEX at IATF2023 in Cairo, which brought together delegates from across the continent representing various creative sectors.

To be eligible for the CANEX Deal Room, applicants must meet specific criteria, including being Africa-based enterprises with at least 25% African ownership, having an operating history of at least 3 years, and employing at least 50% African talent. Proposals must be submitted by October 1, 2024, to be considered. Late submissions will be disqualified.

CANEX WKND 2024 is hosted by Afreximbank, in partnership with the African Union Commission, the African Continental Free Trade Area Secretariat, and the Government of Algeria. The event will build on the success of previous editions, including CANEX at IATF2023 in Cairo, which brought together delegates from across the continent representing various creative sectors.