The Panafrican Film and Television Festival of Ouagadougou (Festival panafricain du cinéma et de la télévision de Ouagadougou or FESPACO) is a film festival in Burkina Faso, held biennially in Ouagadougou, where the organization is based. It accepts for competition only films by African filmmakers and chiefly produced in Africa. FESPACO is scheduled in March every second year, two weeks after the last Saturday of February. Its opening night is held in the Stade du 4-Août, the national stadium.

The festival offers African film professionals the chance to establish working relationships, exchange ideas, and to promote their work. FESPACO's stated aim is to "contribute to the expansion and development of African cinema as means of expression, education and awareness-raising". It has also worked to establish a market for African films and industry professionals. Since FESPACO's founding, the festival has attracted attendees from across the continent and beyond.

The most prestigious award of the festival is the "Étalon d'or de Yennenga" (Golden Stallion of Yennenga or short Golden Stallion), named after the legendary founder of the Mossi empire.[12] The "Étalon d'or de Yennenga" is awarded to the African film that best shows "Africa's realities".

Other special awards include the Oumarou Ganda Prize, given for the best first film, and the Paul Robeson Prize for the best film by a director of the African diaspora. (The latter is named for a major 20th-century American actor, singer and civil rights activist in the United States.)