China-Africa Development Fund
Company: China-Africa Development Fund
Description: The China-Africa Development Fund, commonly referred to as CADFund, plays a pivotal role in fostering practical cooperation between China and Africa. Established on June 26, 2007, CADFund is a significant initiative that stems from the Eight Measures for China-Africa cooperation, as announced by the Chinese government during the Beijing Summit of the Forum on China-Africa Cooperation. The fund’s primary objective is to encourage and facilitate Chinese enterprises in their investment endeavors across the African continent.
A landmark moment occurred during the Johannesburg Summit of the Forum on China-Africa Cooperation (FOCAC) in December 2015 when Chinese President Xi Jinping pledged an additional $5 billion to the China-Africa Development Fund. This announcement led to an impressive total capital of $10 billion designated for CADFund, enhancing its capacity to drive meaningful investments.
CADFund's portfolio has diversified across several key sectors, including agriculture, infrastructure, manufacturing, industrial parks, and resource development. These investments contribute significantly to the revitalization of economic and trade relations between China and Africa in the modern era. By promoting positive economic and social outcomes, CADFund plays a crucial role in strengthening the foundation for Africa's economic development, enhancing the continent's self-development capabilities, and improving its competitiveness within the global economic arena.
As a result of its impactful initiatives and investments, CADFund has garnered widespread recognition and appreciation from various African nations. It has emerged as a principal platform for Chinese investment in Africa, demonstrating a commitment to support Chinese firms in identifying and pursuing opportunities within the continent. The fund remains a vital conduit through which Chinese partners engage with African projects, enabling firms that meet specified criteria to apply for support. Through its ongoing efforts, CADFund continues to solidify its reputation as a key player in promoting collaborative investment and development strategies between China and Africa.
Industry: Venture Capital and Private Equity
Domain: http://www.cadfund.com/
Founded: 2007
Location: Beijing, Beijing
Address: 西城区复兴门内大街28号凯晨世贸中心东座, F10、F11, Beijing, Beijing 100031, CN
Size: 201-500 employees
Direct Contacts
Name: Kun Dong
Title: Chief Representative
Email: Direct Email
Company: China-Africa Development Fund
Industry: Venture Capital and Private Equity
Location: Beijing, China
Name: Chunlei Yang
Title: Assistant Director of marketing development and public relations
Email: Direct Email
Company: China-Africa Development Fund
Industry: Venture Capital and Private Equity
Location: Beijing, China