The China Africa Development Fund has signed cooperation agreements with the South African Ministry of Trade and Industry and the South African Ministry of Electricity respectively

During the BRICS Summit, the China Africa Development Fund signed cooperation memorandums with the South African Ministry of Trade and Industry and the South African Ministry of Electricity in Johannesburg, jointly promoting the deepening of the strategic partnership between China and South Africa and serving the construction of a high-level community with a shared future.
On August 21st, the China Africa Development Fund signed a memorandum of cooperation with the South African Ministry of Trade and Industry. This signing aims to further deepen China South Africa economic and trade investment cooperation, create a better investment environment for Chinese enterprises to invest and prosper in South Africa, and help Chinese enterprises further understand South Africa's investment policies. According to the agreement, both parties will establish an information exchange mechanism to promote experience exchange, professional knowledge and related information sharing, jointly promote major project cooperation, encourage and support Chinese enterprises to strengthen investment in the industrial field of South Africa, and promote South African economic development and practical cooperation between China and South Africa.
On August 23rd, the China Africa Development Fund signed a memorandum of cooperation with the South African Ministry of Electricity and seven leading enterprises in China's power generation, transmission and distribution, and power engineering industries to help South Africa alleviate the power crisis and promote sustainable development in the energy sector. According to the agreement, all parties will be committed to promoting bilateral cooperation between South African and Chinese enterprises in the energy field, supporting South Africa's localization and industrialization goals, encouraging investment in the energy sector of South Africa, and conducting research and development cooperation in energy technology, energy efficiency, renewable energy, and other areas of common concern to promote innovation and technology transfer, injecting new impetus into practical cooperation between China and South Africa.
During the summit, the China Africa Development Fund also signed a tripartite cooperation memorandum with Chinese partners on cooperation in the field of energy in South Africa.
It is understood that the China Africa Development Fund is one of the important measures for practical cooperation with Africa announced by the Chinese government at the Beijing summit of the Forum on China-Africa Cooperation of the Forum on China Africa Cooperation in 2006. It is also China's first equity fund focusing on investment in Africa, aiming to guide and encourage Chinese enterprises to invest in Africa. As of now, the China Africa Development Fund has made investment decisions in 39 African countries totaling over 6.6 billion US dollars, leveraging Chinese enterprises to invest and finance 31 billion US dollars in Africa. At the same time, the China Africa Development Fund fulfills its social responsibility by investing in projects to increase local employment, taxation, and export earnings, continuously promoting the improvement and upgrading of cooperation with Africa, and helping to build a closer community with a shared future between China and Africa. The China Africa Development Fund established its first representative office in South Africa in 2009, and has invested in 10 projects in South Africa with an investment decision amount of 570 million US dollars, driving a total investment of over 3 billion US dollars.