Key fund pushes African growth

Continent seen as major beneficiary of B&R Initiative

The China-Africa Development Fund will create new investment and financing models, and work with third parties to ensure sustainable development in Africa to tackle challenges such as poverty, weak infrastructure and developing the continent's industrial foundation, the head of the China Development Bank on Monday.

For a decade, the CADFund, the first equity investment fund sponsored by the CDB, has been serving a national development strategy as its top priority and has made use of its extensive experience and skills in comprehensive investment and financing in Africa.