Next Narrative Africa, HEVA Fund Launch $40 Million Content Creator Initiative
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variety.comNaman Ramachandran Next Narrative Africa and HEVA Fund have unveiled a $40 million fund to support content creators in Africa and the diaspora.
The announcement came during the United Nations General Assembly in New York City. The Next Narrative Africa Fund will allocate $30 million in equity financing and $10 million in grants over four years to back audio-visual projects produced in Africa.
The initiative aims to address longstanding challenges faced by African filmmakers, including financing and resource access.
Led by Akunna Cook, CEO of Next Narrative Africa, and Wakiuru Njuguna, managing partner at HEVA Fund, the fund seeks to develop commercially viable content while transforming narratives about Africa in Western media.
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