The first Film and Entertainment Investment Summit is set to hold in Africa in December at the Oriental Hotel in Nigeria’s economic hub, Lagos.

The three-days summit, which is organised by the School of Media and Communication, Pan-Atlantic University, Trend Media City Ltd and the Federation of Pan-African Filmmakers will help investors and industry stakeholders meet to secure financing for independent Pan African film, television, music and entertainment content, infrastructure and capacity development.

The African Film and Entertainment Investment Summit (AFEIS) will also provide an opportunity for participants to join industry professionals from Africa and around the world in order to explore the craft of film making through intensive intensive panel and round-table discussions.

Participants at the summit also intends to launch at least one film and entertainment fund.

With the theme: ‘Bridging the gap between Investors and the Creative Industries in Africa’; the summit will include for the first time in Africa, the Global Cinema & Urban Media Symposium and the Pan African Global Trade and Investment Conference, providing added international support and visibility.

The event is expected to feature extensive sessions of discussions, workshops, business meetings and social events with guest speaker sessions that will help the present and future leaders in the film and entertainment industry to develop their capacities or transform original ideas into global quality products.

Africa’s film industry is booming with the Nigerian movie business (Nollywood) – the world’s second largest by films made- turning out more than 1,000 movies a year with about $800 million revenue annually.