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Chinese private equity fund to promote investment in Africa

Addis Ababa, Apr 13 (Prensa Latina) The Ethiopian ambassador to China, Tefera Derbew, updated the CEO of the China Africa Development Fund (CADF), Shi Wenju, on the investment potential in Ethiopia.

Derbew also briefed Wenju and his accompanying delegation, including CADF Vice President Lou Wenjian, about the “Invest Ethiopia” forum scheduled for April 26th-28th in Addis Ababa, which will feature more than 600 new foreign investors, state television station Fana Broadcasting Corporate reported.

The Chinese delegation, announced activities to invest and finance in the African continent and promote investment opportunities, based on the projects initiated by President Xi Jinping during the Forum for Cooperation between China and Africa held in Beijing in 2000.

Wenjian also invited the Ethiopian diplomat and other embassy staff to attend the symposium on High-Quality Development of China-Africa Financing and Investment, scheduled for early June.

The China-Africa Development Fund, better known as the CAD Fund, is a Chinese private equity fund financed solely by the China Development Bank, a government policy bank.

Invest Ethiopia is organized by the Ethiopian Investment Commission and with the number of confirmed participants, so far, it has the potential to generate more than 3 billion dollars over the next few years.

According to the organizers, the meeting has been held since last year and is the main event of its kind in the country, bringing together government officers, policy makers, investors and new figures within the sector.

“Invest Ethiopia” forum will be conducive to discussing attractive investment opportunities, policy reform agendas and exploring partnership opportunities.


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