Africa: Financing Africa's Development - Chinese Equity Investment Fund Targets Joint Ventures

A million Africans have benefitted from CAD Fund's services in the past 10 years.

The China-Africa Development Fund, CAD Fund, whose role is to finance major Chinese investments in Africa, has so far benefitted a million people on the continent since its inauguration in 2007. The institution, which is China's first and largest equity investment fund with focus on Africa, has in 10 years sponsored 90 projects worth 20 billion US dollars (or 11,160 billion FCFA) in 36 African nations.

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