# China-Africa Development Fund

China-Africa Development Fund is a Government / Public Body based in Beijing, China.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** 10/F -11/F, East Tower, Chemsunny World Trade Center 28 Fuxingmen Inner Street, Xicheng District
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** www.cadfund.com
- **LinkedIn:** https://www.linkedin.com/company/chinaafricadevelopmentfund

## Regulatory record

- **Reports private funds:** No

## About

The China-Africa Development Fund was founded in 2007 by China Development Bank. It operates as a wholly-owned subsidiary with a mandate to support economic cooperation between China and African nations through direct investments. The fund deploys capital into industrial parks, mining projects and manufacturing facilities. Confirmed holdings include stakes in the Suez Economic and Trade Cooperation Zone in Egypt, the Lekki Free Trade Zone in Nigeria and the Ethiopian Eastern Industrial Zone. It also holds exposure to the Husab Uranium Mine in Namibia and Huayou Cobalt operations in the DRC. Investments span Ghana, South Africa, Zambia and Malawi. The fund participates in both direct equity and joint-venture structures alongside local and Chinese partners. The fund maintains representative offices in five African countries. It employs no disclosed headcount figure. In September 2024 the fund sponsored the Forum on China-Africa Cooperation summit in Beijing. It maintains relationships with Standard Bank Group since 2008 and continues to work with its parent China Development Bank on advisory matters. The fund's structure as a wholly-owned subsidiary of China Development Bank creates a direct link to state policy objectives. This architecture channels capital through government-mandated vehicles rather than through external fund commitments or third-party managers.

## Sectors

- Infrastructure
- Agribusiness
- Mining
- Manufacturing

## Offices

- Johannesburg, South Africa
- Addis Ababa, Ethiopia
- Accra, Ghana
- Lusaka, Zambia
- Nairobi, Kenya

## Questions

### Who runs investment decisions at China-Africa Development Fund?

Investment decisions sit with the fund's management under oversight from its parent China Development Bank. No individual portfolio managers are named in public materials.

### Does China-Africa Development Fund participate in fund commitments or only direct deals?

The fund executes direct equity investments and joint ventures. It does not commit to external third-party funds.

### What investment stages does China-Africa Development Fund typically target?

The fund targets expansion and growth-stage projects with five-to-eight-year horizons. Ticket sizes range from $5 million to $50 million.

### Where does the underlying capital come from?

Capital originates from China Development Bank as the sole shareholder. The fund was created under the Forum on China-Africa Cooperation framework.

### Which sectors does China-Africa Development Fund explicitly target?

Target sectors include agribusiness, mining, infrastructure, manufacturing and energy. Portfolio examples include cotton operations in Malawi, Zambia and Mozambique plus uranium and cobalt assets.

### Does China-Africa Development Fund maintain offices outside China?

Yes. Representative offices operate in Johannesburg, Addis Ababa, Accra, Lusaka and Nairobi.

## Related profiles

- [AFP Prima](https://altss.com/profile/afp-prima)
- [DTE Energy Company Retirement Plan](https://altss.com/profile/dte-energy-company-retirement-plan)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/china-africa-development-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology