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Participants during the announcement of the fourth edition of iKON Film and Television Awards. [Brian Ngugi, Standard]

Kenyan filmmakers are positioning themselves for a bigger slice of Africa's $5 billion (Sh650 billion) film industry as a Ugandan awards ceremony expands across the continent, offering access to financing, co-production deals and new markets.

The fourth annual iKON Film and Television Awards, set for December 12 in Kampala, has expanded to include a new activation in Johannesburg from October 22-26, part of a broader push to connect African film markets and unlock capital for a continent where funding remains the industry's biggest hurdle.

"This is about turning conversations into actual projects that generate revenue and create jobs," said Humphrey Nabimanya, founder and CEO of the iKON Awards, in a statement.