Slight Increase in China's FDI to Africa in 2020

 Africa Times published on 30 August 2021 an article titled "China Reaffirms Economic Commitment to Africa."

China's foreign direct investment (FDI) in Africa increased slightly from $2.71 billion in 2019 to $2.96 billion in 2020.  New areas of investment included tech, medical treatment and medicine, the digital economy, and aviation.  

China Establishing Two New Investment Funds for Africa

China Daily recently announced plans by the China-Africa Business Council and the China-Africa Development Fund (CADF) to establish two new funds this year to increase China's investment in Africa.  One fund is for commercial ventures and the other for mining investment. Each fund is expected to raise $1 billion initially from member companies and the CADF.  The purpose is to provide capital for Chinese enterprises seeking investment opportunities in Africa.