The expansion of Mediwood Tunisia’s studio facilities will position Tunisia as an attractive hub for domestic and international film productions, enhancing the country's visibility and appeal to global filmmakers.
African Export-Import Bank (Afreximbank) and Tunisia’s Mediwood Studios have signed a Term Sheet for a $3m facility aimed at strengthening Mediwood’s position as a key contributor to the growth of the Tunisian film industry.
As part of the agreement, Mediwood Studios will use the term loan facility’s proceeds to expand its studio facilities, positioning Tunisia as a filmmaking destination and providing world class facilities for both domestic and international productions in the Middle East and North Africa.
Commenting on the deal, Kanayo Awani, Executive Vice President, Intra-African Trade Bank stated that Afreximbank was committed to ensuring that Africa’s creative economy remained relevant on the global stage while enhancing economic integration, job creation and bridging of cultural divides.
“By enhancing Tunisia’s filmmaking infrastructure, we hope to attract international productions, foster local talent and promote authentic regional narratives, thereby reinforcing Africa’s cultural influence globally. This is part of our mandate to support Africa’s creative industries through the Creative Africa Nexus (CANEX) Programme. The expansion of Mediwood Tunisia’s studio facilities will position Tunisia as an attractive hub for domestic and international film productions, enhancing the country’s visibility and appeal to global filmmakers and support the promotion of Africa’s narratives and talent,” she said.
Mehdi Ajroudi, Chief Executive Officer of Mediwood Studios, said that the expanded studio facilities would foster job creation and skills development across pre-production, production and post-production activities as the world-class infrastructure would accommodate large-scale productions capable of stimulating economic activity in Tunisia’s creative sector.
“At Mediwood Studios, we believe it’s time for Africa to become the storyteller – sharing our heritage, dreams, and voices with the world,” he said.
