China-Africa Development Fund

The China-Africa Development Fund (CADFund) is a Beijing-based private equity fund established to support Chinese companies investing in Africa. Managed by the China Development Bank, the fund focuses on key sectors including infrastructure, agriculture, manufacturing, and healthcare. In the healthcare sector, CADFund has played a pivotal role in financing pharmaceutical manufacturing facilities and medical infrastructure across the African continent to improve local access to essential medicines. Notable investments include partnerships for drug production plants in Ethiopia, Mali, and Sudan. By providing equity capital and advisory services, CADFund facilitates industrial cooperation and sustainable economic development between China and African nations.