The China-Africa Development Fund (CADFund), launched in June 2007, plans to spend about $300 million on projects in Africa in 2008. The private equity fund was set up with an initial US$ 1 billion provided by the China Development Bank and plans to eventually grow to $5 billion.
CADFund’s priorities are in agriculture and manufacturing industries, infrastructure development (including urban water supply and drainage), natural resources and industrial parks.
So far, however, the CADFund web site makes no mention of investments in water projects.
Read more: Helen Nyambura-Mwaura, Reuters Africa, 27 Jun 2008