China Triples Size Of African Equity Fund To $3 Billion

china africa

China’s Africa development fund is set to triple in size to $3 billion, according to China Daily.

The China-Africa Development Fund (CAD) targets investment projects on the African continent, including both industrial and infrastructure enterprises.

Specifically, the fund has been involved in the creation of a glass factory in Ethiopia and a power plant in Ghana. The fund has also been involved in the creation of “trade zones” in Egypt and Nigeria.

Eventually, CAD is to top out at a total of $5 billion.

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