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Sovereign Wealth Funds Briefing - Categorized | Investment

China-Africa Development Fund invests US$540 mln in Africa

Posted on 22 January 2010

From China Knowledge: China Africa Development Fund has invested nearly US$540 million in 27 projects in Africa as of today, China’s Ministry of Commerce said on Tuesday.

The fund, backed by China Development Bank, was launched in 2007 with an initial capital of US$1 billion. It finances Chinese firms that are already operating in Africa and provide financial advice to potential investors……………………………….Full Article: Source

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