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CANEX WKND 2024 concludes in Algiers with over US $540 million in deals committed

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CANEX WKND

The vibrant, four-day event convened 108 exhibitors, 11 masterclasses and close to 4,000 attendees from across 81 countries in Africa, the Caribbean and the diaspora – featuring creatives, industry leaders, and policymakers

ALGIERS, Algeria, October 28, 2024/APO Group/ — 

The second edition of the Creative Africa Nexus Weekend (CANEX WKND 2024) has drawn to a close in Algiers, Algeria. The vibrant, four-day event convened 108 exhibitors, 11 masterclasses and close to 4,000 attendees from across 81 countries in Africa, the Caribbean and the diaspora – featuring creatives, industry leaders, and policymakers.

Participants enjoyed a rich and varied programme of activities, which included live performances, masterclasses, panel discussions, and showcases across sectors such as fashion, music, sports, film, visual arts, and gastronomy. As this year’s edition closes, focus now shifts to the 4th edition of the Intra-African Trade Fair (IATF) to be held from 4-10 September 2025, in Algiers and expected to attract some 35,000 participants from around the world, offering a new backdrop for the continued expansion and celebration of Africa’s creative industries.

In her closing statement, Executive Vice President for Intra-African Trade and Export Development, Afreximbank, Mrs Kanayo Awani, said:

“We commend the Government of the People’s Democratic Republic of Algeria for their commitment to making CANEX WKND 2024 a success. Local participation has been exceptional, setting an exciting stage for IATF 2025 in Algiers. CANEX WKND’s mission has always been to highlight the vast market opportunities within Africa’s creative industry and to nurture their economic potential. We are grateful for the partnerships and deals formed here, and we look forward to continuing this work of exposing our different creative prowess across Africa and the world.”

Among CANEX WKND 2024’s most significant outcomes were deals totaling USD $540 million that were facilitated and agreed. Key among these was a EUR 245 million global facility agreement with New World Television (NWTV) to part-finance the network’s acquisition of media licensing rights for sports broadcasting across 24 African countries. In addition, Afreximbank announced $3 million facility with Mediwood Studios, designed to support the company’s efforts to expand the Tunisian film industry, further positioning the country as a hub for creative production.

These deals reflect Afreximbank’s steadfast commitment to investing in Africa’s creative industries, key drivers of economic growth and employment on the continent, particularly for women and young people.

We are grateful for the partnerships and deals formed here, and we look forward to continuing this work of exposing our different creative prowess across Africa and the world

Reflecting on the outcomes of the event during the event wrap up press conference, Mr. Nassim Mohan Amer, Director of International Cooperation, Algeria, noted that CANEX presented a wonderful opportunity for African creators and innovators as it exposes them to the continent beyond their national borders and further accelerates the vision for AfCFTA’ s intra African trade agenda. He continued that Algeria, having hosted the CANEX WKND 2024 will have learnt a lot as it prepares to host the 4th edition of the IATF 2025, expecting to eclipse expectations and enhance Algeria – Africa trade.

Mr. Ismail Inezarene, Director of Cultural and Artistic Promotion, Algeria, also commended Afreximbank’s partnership with Algeria terming it as a collaboration ‘suited to the needs of the future of Africa – the youth’. Whilst highlighting a remarkable 81 countries that were represented at the event, Mr. Inezarene reassured IATF 2025 attendees and the Algerian public of a more concise collaboration and a seamless participation.

Throughout this year’s CANEX WKND, participants engaged in wide-ranging discussions and collaborations on pivotal topics — from intellectual property rights and market access to the need for policy and regulatory reforms that accelerate the growth of Africa’s creative sectors. The event also provided a platform for capacity building through technical programmes and networking opportunities, enabling African creatives to access new global markets and leverage new partnerships.

For the first time, CANEX Weekend also featured a Ministerial Roundtable, where Ministers from Africa and the Caribbean supported by African Union Commission, African Continental Free Trade Area Secretariat addressed the opportunities and challenges facing Global Africa’s cultural and creative industries (CCIs). Keynotes by the Africa Union Commission’s Amb. Minata Samate Cessouma, and H.E. Wamkele Mene, the Secretary General of the AfCFTA Secretariat, as well as Afreximbank’s Mrs. Kanayo Awani and other leaders underscored the economic and cultural value of CCIs, particularly for African and Caribbean youth. The roundtable advanced CANEX strategies to mobilize financing, enhance CCI growth, and foster policy-stakeholder collaboration for implementing the AU Plan of Action on CCIs.

CANEX WKND 2024 also showcased key initiatives, including the CANEX Prize for Publishing in Africa, awarded to Cassava Republic Press for Female Fear Factory by Pumla Dineo Gqola. Praised for its impactful cover, elegant layout, and feminist insights, the book powerfully examines patriarchal violence and offers a hopeful feminist perspective.

CANEX Shorts, a film competition for young African and Diaspora filmmakers, honoured three winners: Francis Y. Brown from Ghana for Room – 5, Brian Obra from Kenya for We Shall Not Forget, and Thomas Mpoeleng from Botswana for Silent Screams. Selected from 147 entries, each winner received a cash prize.

In a “CANEX Presents the Angels” pitch session, angel investors committed $350,000 to support three creative businesses. Leading investor Moji Hunponu-Wusu pledged $250,000 to Cameroonian designer Kibonen Nfi, with an additional $100,000 from a consortium investing in pitches from Zimbabwean Pam Samasuwo-Nyawiri and Thulani Ngazimbi, as well as Kibonen Nfi.

For more information on the concluded CANEX event:

Distributed by APO Group on behalf of Afreximbank.

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Creative Africa Nexus (CANEX) WKND 2026 opens in Lagos, bringing together leading African and diaspora creatives, investors and policymakers

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The four-day gathering will convene leading voices from film, music, fashion, sport, publishing, gastronomy and business to advance trade, investment and commercial opportunities across Africa’s creative economy

LAGOS, Nigeria, November 5, 2026/APO Group/ –Creative Africa Nexus (CANEX) WKND 2026 has opened today in Lagos, bringing together leading creatives, investors, policymakers, business leaders and cultural figures from across Africa and the diaspora for four days of conversations, deal-making, performances, exhibitions and industry-focused sessions.

 




  

Hosted by the Federal Government of Nigeria and organised by African Export-Import Bank (Afreximbank) through its Creative Africa Nexus (CANEX) programme, this year’s event runs from 5 to 8 November under the theme “One People, United in Culture, Creating for the World.”

The 2026 programme spans film and television, music, fashion, sport, literature and publishing, gastronomy and visual arts, with a strong focus on finance, intellectual property, technology, skills, investment and market access.

Across the four-day programme, CANEX WKND will provide platforms for deal-making, industry dialogue and sector-specific engagement, including the CANEX Deal Room, with the aim of turning creative talent and ideas into stronger businesses, partnerships and commercial opportunities.

That ambition reflects the evolution of Afreximbank’s commitment to Africa’s creative and cultural industries in 2020, subsequently doubling this to US$1 billion before quadrupling the original commitment financing available to US$2 billion.

The expansion reflects Afreximbank’s wider objective of helping African creators and creative businesses build scalable enterprises, strengthen ownership of intellectual property and retain more of the economic value generated by African culture and creativity.

The opening ceremony is expected to feature addresses by Ministers of Culture and Creative Industries across 11 African countries, Dr George Elombi, President and Chairman of the Board of Directors of Afreximbank, H.E. Dr Olajumoke Omoniyi Oduwole, Nigeria’s Minister of Industry, Trade and Investment, H.E. Wamkele Mene, Secretary-General of the African Continental Free Trade Area Secretariat, and H.E. Babajide Sanwo-Olu, Governor of Lagos State among other dignitaries.

The programme will bring together some of Africa and the diaspora’s most influential cultural and industry figures. Participants include Nobel Laureate, writer and playwright Professor Wole Soyinka; Emmy Award-winning actor Uzo Aduba; filmmaker and actor Funke Akindele; actors Richard Mofe-Damijo and Thuso Mbedu; former professional footballers Didier Drogba and Jay-Jay Okocha; alongside leading figures from Africa’s music, film, fashion, sport and creative business sectors.

The event will also include performances and appearances from musicians and entertainers such as Davido, Fally Ipupa, Flavour, Libianca and Charlotte Dipanda, reflecting CANEX WKND’s combination of industry engagement with live cultural programming.

Beyond the headline names, the programme places a strong emphasis on the business of Africa’s creative economy.

On 6 November, a high-level conversation titled “One Market, One Culture: Building the Creative Economy of Global Africa” will examine the steps required to convert the growing global influence of African culture into stronger creative businesses, exports and investment. Speakers include Professor Wole Soyinka; ministers responsible for culture and the arts from Côte d’Ivoire, South Africa and Rwanda; International Finance Corporation representatives; and from Afreximbank.

Financing will also be central to the programme. The Creative Economy Finance Summit, presented by Afreximbank in partnership with the Creative Economy Practice at Co-Creation Hub, will bring financial institutions and investors together to examine how creative-economy transactions can be structured, financed and de-risked.

CANEX Creations Inc. will lead discussions on unlocking investment in African intellectual property, while the CANEX Deal Room and Creative Pitch Sessions will connect creative entrepreneurs directly with financiers and investors considering opportunities across film and television, music, fashion, sport, publishing, gastronomy, visual arts and creative infrastructure. Technology and the changing economics of creative production will feature prominently. Sessions will examine artificial intelligence, authorship and intellectual property; the use of technology to reshape creative businesses; and how African creators can use digital tools to develop globally competitive products.

The CANEX CreaThon, delivered with pan-African technology company Gebeya, will bring creators, developers and innovators together around projects in music, video and gaming, supported by African-built digital tools, mentorship, computing resources and a US$50,000 prize pool. Film and television programming will explore both storytelling and the commercial infrastructure required to take African content to wider audiences. Sessions include “Stories Without Borders: Africa, Hollywood & the Global Diaspora”, featuring former Afreximbank President Professor Benedict Oramah, and “Made in Africa, Watched in Africa”, which will examine research into film distribution, audiences and financing across Egypt, Kenya, Nigeria, Rwanda, Senegal and South Africa.

Sport will form another major strand of CANEX WKND 2026. Discussions will examine athlete development, management, commercialisation and the links between sport and the broader creative economy. Didier Drogba and Jay-Jay Okocha are scheduled to participate in “When Giants Speak: The Business of the Game,” while the weekend will conclude with a Legends Football Match at Onikan Stadium on 8 November. Fashion programming will include masterclasses on building profitable African brands, textile value chains, market access and intellectual property, alongside the CANEX Fashion Show and Awards Night.

In gastronomy, the CANEX Junior Chefs Competition, Africa Jollof Wars Competition and a series of live demonstrations and conversations will explore how African food, ingredients and culinary traditions can become stronger commercial propositions across domestic, continental and global markets. Publishing and literature will feature through the CANEX Book Factory, Book Fair, writers’ workshops, manuscript pitching and the CANEX Prize for Publishing, while visual arts programming will combine exhibitions, collector engagement and practical sessions for artists navigating Africa’s growing art ecosystem.

On 7 November, CANEX WKND 2026 will host a major concert bringing together artists from across Africa and the diaspora, before the programme continues into its final day on 8 November with cultural excursions, gastronomy activities, the CANEX Music Factory Songwriting Camp and the Legends Football Game.

Distributed by APO Group on behalf of Afreximbank.

 




 

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Coca-Cola system invests USD 1.22 million to strengthen water security in Namibia

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Coca-Cola

The initiative represents a nearly USD 25 million investment focused on helping address critical water-related challenges across 20 African countries by 2030

WINDHOEK, Namibia, November 5, 2026/APO Group/ –As Namibia continues to face recurring droughts and growing water demand, the country’s water resources are under increasing pressure. Windhoek is situated in one of the most water-stressed regions in sub-Saharan Africa, where low and unpredictable rainfall, combined with high evaporation rates, continues to challenge water availability and long-term water security.[1]

 




  

To help address these shared water challenges, the Coca-Cola system is investing USD 1.22 million in the //Gam-i Swakop Basin Resilience Project, designed to help strengthen water security and support ecosystem restoration in the Swakop River Basin, a vital water source for the city of Windhoek and surrounding communities.

The //Gam-i Swakop Basin Resilience Project aims to support improved water availability and help strengthen the resilience of the Swakop River Basin through nature-based solutions that support sustainable water resource management across the catchment area.

Implemented in collaboration with the Global Water Challenge (GWC) and World Wildlife Fund (WWF) Namibia, the project includes the construction of two sand storage dams, restoration of 235 hectares of land through the clearing of invasive alien plants, and the planting of 750 trees in river buffer zones and environmentally degraded areas within Windhoek’s informal settlements. In addition, two boreholes will be drilled to support groundwater recharge in the Windhoek aquifer, and a water resilience action plan has been developed.

Through the Africa Water Stewardship Initiative, the system aims to help protect important watersheds and to improve access to water and sanitation in local communities

This work forms part of the Coca-Cola system’s Africa Water Stewardship Initiative, launched in 2024. The initiative represents a nearly USD 25 million investment focused on helping address critical water-related challenges across 20 African countries by 2030.

“Because water challenges are local, our approach to water security is focused on local action and collaboration,” said Alfred Olajide, Vice President of East and Central Africa Operations at Coca‑Cola. “The Coca‑Cola system remains focused on helping to promote water stewardship, increasing water use efficiency, and treating and returning safe water to communities.”

Henry Friedrich, General Manager of Coca-Cola Namibia Bottling Company (CCNBC) added: “As part of the Coca-Cola Beverages Africa group, we have a responsibility to assist those who face water scarcity and to help protect local water resources where we operate, especially in places with the biggest challenges. Through the Africa Water Stewardship Initiative, the system aims to help protect important watersheds and to improve access to water and sanitation in local communities.”

WWF Namibia Country Director, Dr Juliane Zeidler, said: “Water is one of Namibia’s most precious and increasingly vulnerable resources. This project is an opportunity to demonstrate how investing in healthy ecosystems can deliver tangible benefits for people, while also helping communities become more resilient to future climate pressures. We hope the lessons and partnerships developed through this initiative can inform similar approaches elsewhere in the country.”

“Collaboration is essential to addressing shared water challenges effectively. Coca-Cola and its authorised bottlers continue to work with governments, businesses, and civil society organisations to design and implement strategic interventions,” concluded Olajide.


Distributed by APO Group on behalf of Coca-Cola Beverages Africa.

 

 




 

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‘Power, Protect, Purchase’: Africa Made It unveils blueprint to capture USD 34B in GDP and accelerate African industrial sovereignty

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Africa

Africa Practice research shows that Africa exports up to 98% of its raw cotton overseas and captures only 2% of its total value while incurring a USD 35 billion annual trade deficit

African culture, design, and storytelling influence global fashion, music, and media like never before

LAGOS, Nigeria, November 5, 2026/APO Group/ –Africa Made It (https://AfricaMadeIt.co/), the continental movement driving Africa’s industrial sovereignty, today officially launched its campaign, “Power, Protect and Purchase,” at the CANEX weekend in Lagos, Nigeria. Aimed at unlocking USD 34 billion in annual GDP contribution through a structural transition from unprocessed raw cotton exports to end-to-end local garment processing, the initiative seeks to turn Africa’s vast natural wealth into sovereign, self-sustaining economic power.

 




  

Africa Made It is driven by a consortium of leading pan-African organisations, advocacy groups, and media organisations who are positioning Africa as a global investment hub. Its flagship campaign, spotlighting the fibre-to-fashion value chain, presents a clear roadmap for continental industrialisation: securing competitive energy power for local industrial mills, enacting policy measures to protect emerging domestic manufacturers from unfair foreign imports, and rallying African consumers to purchase locally manufactured apparel. Together, these three pillars ensure that value created from African resources remains on African soil.

 

Africa Practice research shows that Africa exports up to 98% of its raw cotton overseas and captures only 2% of its total value while incurring a USD 35 billion annual trade deficit.  Building the continent’s domestic processing capacity in spinning, weaving, and sewing locally produced cotton will sustain nearly two million permanent industrial jobs and inject approximately USD 33 billion directly into domestic household incomes every year, in addition to a recurring contribution of USD 34 billion to the continent’s GDP.

 

While these figures reveal the immense macro-economic potential of the value chain, the true heart of this transformation lies in its human impact. Industrial wages and local lint purchases leading to increased capital circulation in rural communities can drive community micro-economic vitality and contribute to rural poverty reduction. Additionally, formal employment opportunities can expand drastically for women, as they currently make up between 70-90% of garment factory workers on the continent.

 

Realising this vision and changing the lives of millions of people requires a deliberate combination of targeted investments, supportive trade policies, and consumer mobilisation. A USD 1.8 billion capital allocation toward critical structural enablers for garment transformation is the foundation for bridging Africa’s missing middle in the fibre-to-fashion value chain.

 

Marie Wilke, editor-in-chief of the Africa Made It magazine, said, “African culture, design, and storytelling influence global fashion, music, and media like never before. Yet, without domestic manufacturing infrastructure, Africa’s creative authority yields very little economic return. Linking raw cotton harvest directly to local processing ensures that the intellectual property, commercial margins, and industrial jobs remain on the continent. It is time to wear our power.”

 

To learn more about the potential of Africa’s fibre to fashion value chain, watch the campaign video (https://apo-opa.co/4BKAIvY) or read the Africa Made it (https://apo-opa.co/4zvA5VF)magazine (https://apo-opa.co/4zvA5VF). Access the campaign website and resources in English (https://apo-opa.co/4zvA5VF) and French (https://apo-opa.co/4zrK8e2).

Distributed by APO Group on behalf of Africa Made It.

 

 




 

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