Afreximbank Seeks $540M for Creative Industry in Lagos

The African Export-Import Bank, represented by President and Chairman of the Board of Directors Dr George Elombi, is targeting over $540 million in deals during the Creative Africa Nexus Weekend 2026 in Lagos, which runs from November 5 to 8. Elombi expressed confidence that the transactions would exceed those from the previous event.

The gathering, themed “One People, United in Culture, Creating for the World,” aims to connect entrepreneurs with financiers in various sectors of the creative industry, including film, music, and fashion. The Creative Economy Finance Summit, organized with Co-Creation Hub, will focus on structuring and financing creative industry transactions.

Elombi highlighted the need for African creators to gain a larger share of the financial returns from their work, citing the creative economy's valuation at approximately $60 billion, which is only two percent of the global market. He emphasized the importance of controlling distribution and marketing to capture value effectively.