China-Africa Development Fund
Overview
Established in 2007, the China-Africa Development Fund (CAD Fund) is a Chinese sovereign wealth fund managed by the China Development Bank. Its primary objective is to stimulate investment by Chinese companies in Africa, focusing on sectors such as power generation, transportation infrastructure, natural resources, manufacturing, and other key industries. The fund was initially established with a capital of US$1 billion, with plans to expand to US$5 billion in the future. In 2015, during the Johannesburg Summit of the Forum on China-Africa Cooperation, China announced an additional US$5 billion allocation to the fund, raising its total size to US$10 billion. The CAD Fund operates by providing support to Chinese enterprises investing in Africa through various means, including grants, loans, and subsidies. It focuses on projects that are crucial to the economic development of African countries, such as agriculture, manufacturing, and infrastructure. The fund aims to address key challenges faced by African economies, including underdeveloped infrastructure, human resource shortages, and funding gaps. By investing in these sectors, the CAD Fund seeks to promote industrialization, agricultural modernization, and sustainable development in Africa. Since its inception, the CAD Fund has invested in over 60 projects across 39 African countries, with a total investment exceeding US$6.6 billion. These investments have spanned various sectors, including infrastructure, agriculture, and industrial development. The fund has played a significant role in enhancing economic and social development in Africa, contributing to job creation, infrastructure improvement, and increased competitiveness of African economies in the global market. Its strategic focus on key industries and regions underscores its commitment to fostering long-term economic cooperation between China and Africa.
Investment Focus
- Chinese enterprises seeking to invest in Africa
- Projects in sectors such as agriculture, manufacturing, infrastructure, and resource development
- Alignment with the fund's strategic objectives and investment criteria
Portfolio Companies
Reach China-Africa Development Fund directly
Verified work email, phone and LinkedIn for the full team — one spreadsheet, one payment, yours to keep.
Unlock full contacts →Frequently asked questions about China-Africa Development Fund
What sectors does China-Africa Development Fund invest in?
China-Africa Development Fund invests in Energy, Infrastructure, Telecommunications, Agriculture, Transportation and Manufacturing, and is based in Beijing, China. China-Africa Development Fund is listed as a sovereign wealth fund in the ConnectSafely investor database.
What stage does China-Africa Development Fund invest at?
China-Africa Development Fund backs companies at Growth, Late Stage, Pre-IPO, Buyout, Turnaround and Distressed, writing cheques of 100M - 1B.
Which regions does China-Africa Development Fund invest in?
China-Africa Development Fund invests across Ghana, Kenya, Egypt, Tunisia, Libya and Algeria.
Who are the partners at China-Africa Development Fund?
Team members listed for China-Africa Development Fund include Yulu Wang (VP).
What companies has China-Africa Development Fund invested in?
China-Africa Development Fund's portfolio includes China-Africa Xinyin Investment, Huayou Cobalt and Africa World Airlines.
How do I contact China-Africa Development Fund?
China-Africa Development Fund's contact details — including LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
