China Africa Development Fund Halted by COVID-19

 Asian Investor posted on 1 December 2020 an article titled "COVID-19 Crimps China Africa Development Fund Investing" by Twinkle Zhou.   

The China Africa Development Fund, China's first equity fund focusing on investment in Africa, saw investments dry up in 2020 amid COVID-19, an internal management investigation, and Africa's lagging GDP and higher financial risks.

Update on China Africa Development Fund

The Centre for Chinese Studies (CCS) at Stellenbosch University published on 13 January 2015 a brief analysis titled "China Africa Development Fund: Beyond a Foreign Policy Instrument" by Zhang Qiaowen, who is affiliated with CCS.

The China Africa Development Fund currently has $3 billion and has invested $2 billion.  The author concludes that it is a useful tool for outward direct investment but still has a long way to go in terms of financing, operations, and investment.