Sunday, January 19, 2014

The China-Africa Development Fund seeks to raise US$2Billion in 2014

The China-Africa Development Fund seeks to raise US$2Billion in 2014
Ceres President David Nealis
The China-Africa Development Fund, China’s largest fund concentrated on African investments, is hoping to raise US$2 billion in 2014 to improve Africa’s agricultural and steel industries and boost Africa’s industrial development, according to Chinese State media. Fund President Chi Jianxin stated that China has been searching for alternative ways to invest in Africa rather than by only investing in infrastructure projects.


Ceres Junior Associate Demetrius Jones

Ceres Junior Associate Demetrius Jones stated; It comes as no surprise the rising superpower has explored other ways to diversify its interest and investment as China has been relentlessly criticized for lack of social and civic accountability in Africa. Developing healthcare systems, strengthening militaries and fostering educational exchange have all been targeted as primary areas China is reexamining its role in Africa for 2014 and beyond. 



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