Beijing, 18 March-(ANA)-China is to pump a further $2bn into its20African investment fund earlier than planned to snap up opportunities left by the hasty retreat of western investors from the continent.
Since its launch in late 2006, the China-African Development Fund has invested $400m (€309m, £286m). It expected to have spent most of its initial capital of $1bn by the end of the year, as much as two years ahead of schedule, said Chi Jianxin, fund chief executive. (ANA)
Noble Pease Prize/Nagasaki survivor