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Home Business Kenya Launches fund for Film Production and Music to a tune of Kshs 600 million

Kenya Launches fund for Film Production and Music to a tune of Kshs 600 million

by Vince Matinde
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Film production

The government of Kenya through the Youth Enterprise Development Fund has set aside Kshs 600 million for film and music production in the country.

Half of that money will be used as loans to give out to production houses for film production with hopes of it earning income.

The other remaining half will be used to promote music production in a bid to grow youth employment in this sector.

“We have outlined measures and structures that if implemented would create over 5,000 job opportunities annually for young people,” fund chairman, Gor Semelang’o, said according to the Daily Nation.

The film industry in Kenya has been lagging behind as compared to its Tanzania neighbor. Analyst see the arts as a way of encompassing millions of youth who are unemployed but highly talented.

Over the years, local independent film makers have been making money through the production and sale of low cost budget movies aptly named Riverwood after the street where they are commonly found, in downtown Nairobi.

This new move by the government should see more film makers accessing cash for their production, which has been a hindering factor in film production.

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