CADF to guide more capital into Africa for infrastructure, agriculture development

BEIJING - Over the past 10 years, a Chinese development fund has invested billions of dollars in Africa. Chi Jianxin, chairman of the China-Africa Development Fund (CADF), told Xinhua in an interview that the fund has $4.5 billion to invest in 91 projects in 36 countries, with more than $3.2 billion having already been invested.

"After the completion of all projects, the fund will channel more than $20 billion from Chinese companies into Africa," Chi said.

To support Chinese companies in Africa, the fund was set up in 2007 following the 2006 Beijing Summit of the Forum on China-Africa Cooperation.