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Establishing a China-Africa Development Fund(CADFund) to encourage andsupport Chinese enterprises to invest in Africa was one of the eight measuresimplemented to strengthen China-Africa cooperation pledged by China at theBeijing Summit of the Forum on China-Africa Cooperation(FOCAC) in 2006.The Fund became operational in June 2007 with a first-phase funding of＄1
Establishing a China-Africa Development Fund (CADFund) to encourage and support Chinese enterprises to invest in Africa was one of the eight measures implemented to strengthen China-Africa cooperation pledged by China at the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) in 2006 The Fund became operational in June 2007 with a first-phase funding of $ 1