South-South In Action – CADFund: Promoting the Sustainable Development of Africa through South-South Investment

By September 8, 2020 September 17th, 2020 Publications, South South in Action, UN SSC Day Publications

The China-Africa Development Fund (CADFund) is one of the important initiatives of the Forum on China-Africa Cooperation. In the 13 years since its establishment, the CADFund has been committed to serving China-Africa cooperation with a market-oriented approach, giving full play to its financial advantages and guiding role as a platform. It has introduced Chinese enterprises as well as Chinese capital, technologies, production capacity and management experience to Africa and vigorously helped Africa to improve its own development capacity, increase tax revenues and expand exports.

Through the South-South in Action series, the United Nations Office for South-South Cooperation (UNOSSC) provides a platform for development partners to share their best practices in South-South and triangular cooperation initiatives while providing a window for Southern partners to learn and recognize the opportunities for collaboration that exist in the South. The informative seven case studies presented in this publication show the great impact made by the CADFund on the ground in advancing the achievement of the SDGs.

This has been demonstrated through the creation of employment opportunities, the increase in tax revenues and the enhancement of productive capacities through vocational training of local communities as well as through the way in which the Fund has innovatively drawn on public-private partnerships in its investment projects.