Lagos Film City: $4.5b investment ushers in New Era for African Film

Recently, Del-York Group, a leading Nigerian conglomerate pioneering developments in Africa’s creative, media, technology, and infrastructure sectors, has signed a $4.5 billion joint venture agreement with Singapore’s TSC Global.

This landmark deal, the largest investment in Africa’s creative industry, highlights the sector’s immense potential to drive economic growth. bProjected to yield about $100 billion by 2030 and create millions of job opportunities, global interest in the sector has surged recently. Major investments, such as Afreximbank’s $2 billion investment in the Creative Africa Nexus and Universal Music Group’s stake in Nigerian-based Mavin Records, demonstrate this growing momentum.

This ambitious project aims to establish a state-of-the-art creative ecosystem that will turn the tide for African filmmaking, pushing Africa closer to becoming a global cinematic powerhouse. It will feature advanced technology, including a hyperscale data centre and AI-powered production workflows. It will also include a 1GW sustainable power generation system, 500,000 square meters of creative space, and world-class training facilities.

According to Linus Idahosa, President and CEO of Del-York Group, Kebulania is more than a film city; it is a bold economic blueprint for Africa’s creative and industrial revolution.

“For Nigeria, Kebulania stands as a model of what is possible when we align private capital with strategic national goals, unlocking opportunities that position our continent as a global economic powerhouse,” he stated. As Michael Dickerson, the CEO of TSC Global puts it, “Kebulania is designed to be the epicentre of Africa’s creative economy.”