User:Sancar27/China-Africa Development Fund

Specific Current Involvement
The CAD Fund has completed over 60 projects, but also acts as a resource to organize the independent investments of Chinese firms. Sometimes these projects have very few funds directly from the 10 billion USD allocated for the CAD Fund, but benefit from the CAD Fund's logistical experience and monitoring in order for investments to flow with greater efficiency.

Ethiopia
The CAD Fund in Ethiopia targets agricultural and rural development. In 2009, in a joint venture with the Xinxiang Kuroda Mingliang Leather Co. Ltd, the CAD Fund invested roughly 27 million USD towards a large leather product factory close to Ethiopia’s capital, Addis Ababa. The Fund has also helped establish Ethiopia’s special economic zone in collaboration with Chinese companies called the Ethiopian Eastern Industrial Zone (EEIZ). Wherein several independent investment projects are undergoing with potential for large job creation for the local population.

Ghana
The Cad Fund's main investment in Ghana are power plant construction and developments. Most notable is the Asogli power plant in Tema. This plant is the first private owned electricity producing plant in Ghana, using natural gas.

Kenya
The CAD Fund helped organize over 16 million USD in investments towards hydro-power plants as well as several infrastructure improvements. The fund will also support the organization of several Chinese firms with the construction of a large port in Lamu as a part of the Lamu Port Southern Sudan-Ethiopia Transport Corridor project (LAPSSET).

South Africa
The CAD Fund opened an office in Johannesburg which brought investments in the mining sector by Chinese companies as well as venture projects with South African companies. The largest single investment by the CAD Fund in South Africa occurred in 2010 through their support of the Jidong Development Group which invested roughly 52 million USD towards the creation of a cement plant. The CAD fund also directly invested several million USD towards several renewable energy projects. The Fund has also worked to establish and promote the Coega Industrial Development Zone in Port Elizabeth to stimulate further independent investments and job creation.

Zambia
The bulk of the CAD Fund's investments in Zambia are centered around cotton cultivation projects as well as copper mining projects.