Development equity fund spreads its investment wings

Chi Jianxin, president of the China-Africa Development Fund, the country's largest equity investment fund focusing on African investment, has been to 27 nations in Africa since the fund was established in 2007.

"The African economy is launching and China's similar development experience makes us believe that Africa is on the right track," Chi told China Daily.

The fund was founded after then-president Hu Jintao pledged to set it up at the Beijing summit of the Forum on China-Africa Cooperation in 2006, and it had committed more than $2.4 billion in investment to over 60 projects in 30 African countries by the end of February.