The GDI Special Fund of China Development Bank (hereafter referred to as GDISF) is a special-purpose fund set up by China Development Bank(hereafter referred to as CDB) in fulfillment of the Memorandum of Cooperation on Jointly Promoting the Implementation of GDI between CDB and China International Development Cooperation Agency(hereafter referred to as CIDCA).
On June 23, during the first official visit to Beijing by Hassan Khatib, Minister of Investment and Foreign Trade of Egypt, the China-Africa Development Fund (CADFund) signed a Memorandum of Strategic Cooperation with the General Authority for Investment and Free Zones of Egypt (GAFI). Mr. Wang Shaodan, Chairman of CADFund, and Mr. Hassan Haiba, Chairman of GAFI, signed the memorandum on behalf of both parties.
From June 12 to June 15, the 4th China-Africa Economic and Trade Expo was held in Changsha. The China-Africa Development Fund actively participated in the Expo, showcasing new achievements and drivers of China-Africa investment cooperation.
Recently, Sinoma Cement Co., Ltd. (hereinafter referred to as "Sinoma Cement") and the China Africa Development Fund (hereinafter referred to as "CADFund") jointly completed the acquisition of 100% of the equity of well-known Tunisian cement company SOCIÉTÉ LES CIMENTS DE JBEL OUST, marking the landing of the first overseas investment and M&A project in the basic building materials sector of China Building Materials Group, realizing an important layout in the North African market, further promoting friendly cooperation between China and Tunisia.
On March 28, 2025, the first batch of RMB bonds ("Panda Bond") issued by African Export-Import Bank in 2025 was successfully issued in the inter-bank bond market, with an scale of 2.2 billion yuan, a coupon rate of 2.99%, and a term of three years. The raised funds will be used to support the trade of African countries and China Africa economic and trade activities, and open up a new path for China and Africa to jointly build the "the Belt and Road".