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Sovereign Wealth Funds Briefing - Categorized | Investment

China-Africa Development Fund invested nearly $540 mln so far

Posted on 20 January 2010

From Nasdaq.com: The China-Africa Development Fund has invested nearly US$540 million to support 27 projects in Africa, which will likely lead to investment of about US$3.6 billion in the continent by Chinese companies, China’s Ministry of Commerce said Tuesday.

The fund, which was created by the Chinese government in 2007 and seeded with US$1 billion from China Development Bank Corp., makes equity investments that support Chinese investments in Africa……………………………….Full Article: Source

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