The China-Africa Development Fund (CADFund), established on June 26, 2007, is a vital component of the "Eight Measures" for China-Africa practical cooperation, which were announced by the Chinese government during the Beijing Summit of the Forum on China-Africa Cooperation. The primary objective of the CADFund is to encourage and support Chinese enterprises in their investment endeavors in Africa.
CADFund's significance was further highlighted during the Johannesburg Summit of the Forum on China-Africa Cooperation (FOCAC) in December 2015 when Chinese President Xi Jinping announced an additional US$5 billion for the fund, bringing its designed total capital to US$10 billion. To date, CADFund has invested in various sectors across Africa, including agriculture, infrastructure, manufacturing, industrial parks, and resource development.
These investments have not only injected vibrancy into the China-Africa economic and trade cooperation in the new era but have also created positive economic and social outcomes for African countries. By consolidating the foundation for the development of the African economy, CADFund has strengthened Africa's capacity to develop on its own and enhance its competitiveness in the global economic landscape. Consequently, the CADFund has been widely praised by African countries, making it the main platform for Chinese investment in Africa.
China will continue to give full play to CADFund, which supports Chinese firms investing in Africa and seeks Chinese partners for African projects. Firms meeting the requirements can apply for support from the CADFund. The company is headquartered at F10, F11, East Block, Kaichen World Trade Center, 28 Fuxingmennei Street, Xicheng District, Beijing 100031, China. As a venture capital and private equity firm, CADFund operates in specialized industries, focusing on investing in projects that will further enhance China-Africa cooperation. More information about the China-Africa Development Fund can be found on their official website: http://www.cadfund.com.