The China-Africa Development (CAD) fund has invested 1.9 billion U.S. dollars on the African continent since being established in 2007, its president Chi Jianxin said on Thursday. The CAD fund, China's biggest equity fund focused on African investments, has raised 3 billion U.S. dollars in its first and second phase of operation. "If we can complete our second-phase investment plan within this year, we will probably start the third-phase next year which will raise another 2 billion U.S. dollars," said Chi. The fund mainly focuses on long-term investment projects that include industrial development, agriculture, infrastructure, industrial parks and resource exploitation, he said.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor