The China-Africa Business Council (CABC) and the China-Africa Development Fund have decided to set up a...

The China-Africa Business Council (CABC) and the China-Africa Development Fund have decided to set up a $1 billion fund to boost China's commercial ventures in Africa, particularly in the footwear and textile sectors. The CABC represents more than 550 Chinese companies in Africa while the China-Africa Development Fund is China's largest private equity fund focusing on ...

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