China-Africa Development Fund - CAD Fund

AAA

DEFINITION of 'China-Africa Development Fund - CAD Fund'

Established in June 2007, the China-Africa Development Fund is the first Chinese equity investment fund that focuses on investments in Africa. The fund has a target size of $5 billion to be reached in phases, with first-phase funding of $1 billion provided by China Development Bank.

INVESTOPEDIA EXPLAINS 'China-Africa Development Fund - CAD Fund'

The China-Africa Development Fund was one of eight measures announced by Chinese President Hu Jintao at the Beijing Summit of the Forum on China-Africa Cooperation in November 2006. The Fund concentrates its investments in industries and fields that will help promote Africa's economic development, such as agriculture, manufacturing, infrastructure and resources.

RELATED TERMS
  1. Public Investment Fund - Saudi ...

    The Public Investment Fund (PIF) of Saudi Arabia was established ...
  2. Lesser-Developed Country - LDC

    A country that is considered lacking in terms of its economy, ...
  3. China Investment Corporation - ...

    A government-sponsored entity of the People's Republic of China ...
  4. B-Shares

    Shares in companies based in mainland China that trade on either ...
  5. CNY (China Yuan Renminbi)

    The currency abbreviation for the China yuan renminbi (CNY), ...
  6. African Development Bank - ADB

    A financial institution comprising 53 African and 24 non-African ...
Related Articles
  1. Top 6 Factors That Drive Investment ...
    Entrepreneurship

    Top 6 Factors That Drive Investment ...

  2. India Is Eclipsing China's Economy As ...
    Economics

    India Is Eclipsing China's Economy As ...

  3. Iraqi Dinar: Can Comparables Guide Investment?
    Fundamental Analysis

    Iraqi Dinar: Can Comparables Guide Investment?

  4. 5 Smart Money Strategies From Around ...
    Savings

    5 Smart Money Strategies From Around ...

comments powered by Disqus
Hot Definitions
  1. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  2. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  3. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  4. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  5. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  6. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
Trading Center