Afreximbank declared the Creative Africa Nexus (CANEX 2024) to be host in Algiers Algeria from October 16-19 2024

By Abdul Rahman Bangura-

Photo Credit: Afreximbank

NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Threading on the successive editions, the four-day event would offer a comfortable platform for creatives from across the African Landmass and beyond, in a bid to disclose their work, network with
industry leaders, and explore business chances, encircling exhibitions, roundtable discussions, masterclasses, live performances, gastronomy showcases, music, dance, poetry, and other artistic expressions.

Inducted in 2020, Afreximbank has committed a $1 billion facility for creative and cultural industries and has deployed specialized products for financing some CCI sectors, including the Film Financing Development Facility and the Music Development Facility. The bank has same identified key gaps in creative production value chains and created interventions to bridge these gaps, with a focus on access to markets. According to the organizers, this year’s event pledges to be an exciting gathering of creatives, investors, and industry professionals from across the continent and the world over.

“CANEX WKND 2024 will feature an exhibition and market, roundtable discussions, masterclasses, live performances, and networking
opportunities. The event is open to industry professionals, individuals, corporate investors, and governance bodies. It provides a unique
platform for creatives to showcase their work, connect with industry leaders, and explore business and investment opportunities,” a statement issued on Friday recounted.

CANEX 2024 is a fraction of Afreximbank’s Creative Africa Nexus program, geared at supporting the growth of Africa’s creative and cultural industries. The program’s objectives include increasing Africa’s share of global cultural trade flows, deploying specialized financial products, facilitating technical capacity programs, and advocating for harmonized regulatory reform.

Since October 2021, 80 Luxury African brands have benefited from Afreximbank’s access to market initiative, CANEX Presents Africa. The
bank has also engaged in trade and export development initiatives, showcasing Africa’s creative economies through the biennial CANEX
WKND and CANEX at IATF (Intra-African Trade Fair).

CANEX WKND 2024 will further develop conversations and provide even more business-to-business and business-to-government chances. The event will be held under the theme “One People, United in Culture, Creating for the World.

“No one should miss this opportunity to be part of the creative revolution in Africa! They should simply register for CANEX WKND 2024
and join us in Algiers for an unforgettable experience celebrating the continent’s artistic spirit.” the statement summarized.

For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent