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China-Africa Development Fund for Practical Cooperation


China-Africa Development Fund offices in Beijing

China-Africa Development Fund offices in Beijing

General Introduction
China-Africa Development Fund (CADFund) is one of the “Eight Measures” for China-Africa practical cooperation announced by the Chinese government on the Beijing Summit of the Forum on China-Africa Cooperation. CADFund was inaugurated on 26 June, 2007. CADFund aims to encourage and support Chinese enterprises to invest in Africa. At the Johannesburg Summit of the FOCAC on December, 2015, Chinese President Xi Jinping announced an additional US$5 billion for the China-Africa Development Fund, which makes CADFund reach a designed total capital of US$10 billion. CADFund has invested in agriculture, infrastructure, manufacturing, industrial park, resource development, etc. The investments inject vibrancy into the China-Africa economic and trade cooperation in the new era, create positive economic and social outcomes, consolidate the foundation for the development of African economy, strengthen Africa’s capacity to develop on its own and enhance Africa’s competitiveness in the global economic landscape. Therefore, CADFund has won widespread praise from the welcoming African countries and become the main platform for Chinese investment in Africa. China will continue to give full play to CADFund, which supports Chinese firms to invest in Africa and seeks Chinese partners for African projects. Firms meeting the requirements could apply.

1. Nature of CADFund
CADFund is an Africa-focused equity investment fund launched by the Chinese government. It upholds the philosophies of sincerity, results, affinity and good faith in China-Africa cooperation. It operates under the government-guided, company-centered, market-oriented and win-win cooperation principles. It focuses on solving the three bottlenecks (inadequate infrastructure, lack of professional and skilled personnel, and funding shortage) that Africa faces in its course of development. CADFund supports the acceleration of the industrialization and agricultural modernization in Africa, and helps Africa to realize sustainable development on its own. Base on the ten major cooperation programs and three principles for project selection (strategically required, financially balanced, and developmentally sustained), CADFund priorities investments in such areas as Three Networks and Industrialization, industrial connection and cooperation in production capacity, equipment manufacturing, agriculture, livelihood-related fields, industrial park, etc.
(1)Providing capital financing for companies invest in Africa and sharing risks with them.
(2)Providing value-added services and helping companies resolve issues and difficulties in Africa drawing on its expertise on African countries and investment climate.
(3)Linking African projects with Chinese companies and Chinese partners with African companies and projects.

2. Principles of Fund Utilization
CADFund mainly invest in Chinese firms with economic and trade activities in Africa and African firms and projects invested by Chinese firms. CADFund does not seek to control or take majority shares. The investment vehicles include:
(1)Equity investment: directly investment in ordinary shares of a firm or a project.
(2)Quasi-equity investment: preference shares, convertible bonds, other hybrid financing instruments.
(3)Fund investment: appropriate scale of investment in other funds as the fund of funds, as long as in line with the policies of foreign affairs and economic and trade cooperation.

3. Clients requirements:
CADFund mainly supports Chinese firms investing in Africa and seeks Chinese partners for African projects. Any firm that fits the following criteria can apply: a good credit record and at least capacity to investment and finance; a clear equity structure and management structure, good shareholder relations, and transparent balance sheet and creditor-debtor relationships; patented technology or usage rights obtained from other institutions; good market growth potentials and sustainable profitability; a clear Africa strategy and team with African experience; an efficient and experienced management team capable of delivering strategic goals and plans; great influence in the host country and good relations with government and local companies.

4. Application Procedures:
Government and other agencies can recommend projects to CADFund. Enterprises can apply for investment directly. These projects first will enter its the pipeline. When certain requirements are met, due diligence and project appraisal will be conducted. Negotiations come next and a project proposal is written and then deliberated for approval. For approved projects, legal documents will be signed with partners, disbursements made according to the progress, and post-investment management till exit.

Formation: June 26, 2007

Headquarters: Chemsunny World Trade Centre, Chang’an Avenue

Location: Beijing, Peoples Republic of China

Official languages: Mandarin Chinese; English; French

President: Chi Jianxin (迟建新)

Chairman: Zhao Jianping (赵建平)

Website :www.cadfund.com

The China-Africa Development Fund, more commonly known as CAD Fund, is a Chinese private equity fund solely funded by China Development Bank, a Chinese government policy bank. The aim of the fund is to stimulate investment in Africa by Chinese companies in power generation, transportation infrastructure, natural resources, manufacturing, and other sectors.

History

The creation of CAD Fund was announced as one of the “Eight Measures” for Sino-African relations at the Beijing summit of the Forum on China-Africa Cooperation (FOCAC) by President Hu Jintao on November 4, 2006. It was established in June 2007 with US$1 billion of initial funding by the China Development Bank and is envisioned to grow to US$5 billion in the future. The fund entered into its second round of fundraising in May 2010 to raise US$2 billion.

Investments

The fund’s primary purpose is foster Sino-African investment through bridging finance, financial advice, Africa specific managerial advice, and identification of potential investment opportunities as well as connecting African projects to Chinese investors.

As of 2010 the fund had invested in 30 projects in Africa worth around US$800 million. In 2009 alone, the fund invested US$140 million of China’s total US$1.3 billion invested in Africa that year. The fund primarily focused on industrial development. For example, in 2010 it teamed up with several partners by contributing 382.5 million ZAR into a 1.65 billion ZAR investment by Jidong Cement to build a cement plant in Limpopo, South Africa.

The fund has also participated in acquiring natural resource assets by forming a joint venture with China National Nuclear Corporation (then China Guangdong Nuclear Power Group) to acquire most of the Husab Mine for US$996 million in February 2012.

 

CAD Fund to boost footprint in Africa, By Zhou Yan (China Daily)
Updated: 2010-05-28 09:11

The China-Africa Development Fund (CAD Fund), China’s largest private equity (PE) fund focused on African investments, has kicked off its second-phase of fund raising to raise $2 billion over three years, a top fund official said on Thursday.

“The capital-raising plan will be open to qualified entities that have interest in making investments in Africa,” Li Dongya, managing director for operations and management at the CAD Fund told China Daily.

He said the capital raised would be used for infrastructure construction, agriculture, manufacturing and electricity projects.

The fund was started with $1 billion from China Development Bank Corp in 2007, after President Hu Jintao promised to set up the CAD Fund at the Beijing Summit on China-Africa Cooperation in 2006.

The central government plans to eventually expand the fund to $5 billion, but has not set any timetable.

“We have decided to invest around $800 million in 30 projects in Africa, and the initial $1 billion is likely to be used up by the end of this year,” Li said. He added that the fund’s investment in 2009 alone was $140 million compared with China’s total investment of $1.3 billion in Africa last year.

CAD Fund’s direct capital and other domestic companies’ investments facilitated by the fund accounted for more than 30 percent of the country’s combined investments in Africa during 2009, said Li.

The fund made a rare move in media in December 2013 when it was the financial partner in the acquisition of 20% of Independent News and Media SA, a newspaper publishing house in South Africa, for 400 million ZAR.

Figures from the Ministry of Commerce show that bilateral trade between China and Africa rose 76 percent to $27.8 billion during the first quarter of this year compared with the same period last year. China-Africa trade hit all time high of $106.8 billion in 2008, followed by a slump in 2009 due to the global financial crisis.

CAD Fund has teamed up with Chinese companies for investments in Africa and is largely a financial investor. The fund does not hold controlling stakes in any project and limits its holdings between 10-50 percent, said Li.

“Our mission is to encourage domestic companies to invest in Africa and introduce China’s experience during its progress under the reform and opening up policies to the African companies, and also explore new markets for domestic companies in African nations,” he said.

The government-backed PE fund is targeting double-digit returns on its investments (ROI).

“We are a market-oriented fund, but cannot realize profits from each project quickly, given the continent’s unexpected difficulties for foreign investors and the lagging infrastructure facilities,” Li said, adding that the ROI targets are likely to be met over the next few years.

“We are in discussions with over 100 projects currently, and will focus more on agriculture, manufacturing, and infrastructure construction like electricity and harbors in the next phase after the manufacturing sector now,” Li said.

CAD Fund has facilitated projects in Africa, including a glass manufacturer and a cement factory in Ethiopia, a power station in Ghana, and industrial parks in Egypt.

Humanitarian Imperialism: The New Doctrine of Imperial Right


Next European Imperialism

Next European Imperialism

Jean Bricmont’s concept “humanitarian imperialism” succinctly captures a dilemma that has faced Western leaders and the Western intellectual community since the collapse of the Soviet Union. From the origins of the Cold War, there was a reflexive justification for every resort to force and terror, subversion and economic strangulation: the acts were undertaken in defense against what John F. Kennedy called “the monolithic and ruthless conspiracy” based in the Kremlin (or sometimes in Beijing), a force of unmitigated evil dedicated to extending its brutal sway over the entire world. The formula covered just about every imaginable case of intervention, no matter what the facts might be. But with the Soviet Union gone, either the policies would have to change, or new justifications would have to be devised. It became clear very quickly which course would be followed, casting new light on what had come before, and on the institutional basis of policy

Source: Humanitarian Imperialism: The New Doctrine of Imperial Right

The Sudan in My Opinion


 The Sudan in My Opinion —– السودان في رأيي الشخصي

The States of The Sudan

The States of The Sudan

Corrupt Legal System in Sudan


Corrupt Legal System in Sudan

Corrupt Legal System in Sudan

I am struggling with a corrupt legal system and a corrupt ruling party here in Sudan. Any thug; pervert; thief; or failed person can only show his or her party membership card to police investigator or prosecutor and laws will violated and legal cases will be tampered with

أنا أعاني من نظام قانوني فاسد و من فساد الحزب الحاكم هنا في السودان. أي بلطجي أو منحرف أو لص أو شخص فاشل يمكن أن يظهر فقط بطاقة عضوية الحزب لمحقق الشرطة أو النيابة العامة و سوف يتم أنتهاك القوانين وسيتم العبث في القضايا القانونية

Failures & Human Rights Violations Al-Huda Prison Centre in Sudan


Failures & Human Rights Violations Al-Huda Prison Centre in Sudan

Failures & Human Rights Violations Al-Huda Prison Centre in Sudan

1) Deliberate system of random distribution of inmates to cause harm, corruption and humiliation
2) Extortion of inmates as soon as they receive gifts and money from visitors and grab them
3) Exercise of the officers and soldiers of ugly black trade with the help of some mean inmates
4) Blackmail inmates as soon as they confiscate their cell phones to pay a bribe for retrieval
5) Blackmail and force inmates to pay bribes to transfer them from disgusting and dangerous wards
6) Prison’s hospital pharmacy almost empty and does not serve purposes of treatment and life-saving
7) Prison hospital operates with less than the minimum of basic materials and wounds dressings
8) Very large shortage in numbers of doctors ; nurses; and staff and in working hours and performance
9) Failure to provide adequate water for drinking and hygiene regularly in the wards and the sections
10) Very large number of flies and mosquitoes and lice and infectious diseases and lack of sanitation
11) Unjustified insult; humiliation and beating against inmates and causing serious bodily harm
12) Failure to provide the minimum of necessary clothes; blankets and personal hygiene items
13) Confiscation of inmates servings of meat and vegetables and trading it for them publicly
14) Poor design; construction and maintenance of buildings; furniture and fixtures; and misappropriation
15) Failure to provide the minimum responsibilities of reform; guidance and social care
16) Ignoring the needs of inmates to get the necessary services; counseling and assistance
17) Appointment of villainous inmates as assistants and heads of wards and sections
18) Silence and help some repeat offenders to commit crimes in and from inside the prison
19) The behavior and appearance of the officers and soldiers lack discipline; role models and respect
20) Weak oversight and internal audit and communication between senior management with inmates
21) Poor distribution of meals and total shortage of the essential eating utensils
22) Imposition of monthly fees upon inmates, citing flimsy reasons and to keep them in their wards
23) Demanding bribes from inmates to accompany them to the offices of the essential services in prison
24) No records and no saving for inmates’ personal belongings and documents at the first admission
25) Unlawful confiscation of personal belongings and cell phones of inmates, instead of saving them
26) Punishing; beating; transferring; insulting and threatening inmates who report violations and crimes

I have been harmed by the staff of that prison and I am seeking legal protection and assistance to get justice and to protect inmates and human rights in Sudan.

I wish I can find your help and advice. Thanks

Freedom University for Leaders Project


French Colonialism

French Colonialism

It is very disappointing to discover that many officials and youth, in any country, do not know much about the modern atrocities, plunder, and genocides that took place in the past few centuries in their countries and around the World. One striking example is the history of colonialism together with in-falsified history of liberation struggles.

Such very important history is an essential part to understand and treat the very basis of all economic, social, and political deformities and misery. Knowledge and awareness are not only important for Africa and the rest of the “Exploited World” (wrongly called “Third” or “Under-developed”) but equally important to those countries which exploited and still plunder until today. Those who do not know modern history and basic problem analysis and solving cannot be trusted for public service senior posts.

It would be very appropriate and essential to establish specialized centers of learning and universities in each country to teach and research a number of related subjects to freedom and governance.
Let us call this project “The Freedom University”. The main purpose of this university is to prepare and qualify leaders; government officials; and politicians, as well as organizing public awareness programs.

The main departments of “The Freedom University” project shall include: History; Geography; Defense; Security & Intelligence; Economics; International Law; Sociology; Politics & Governance; Languages; Diplomacy & International Relations; Communication; and Technology.

“The Freedom University” project should be an integral part of the programs of free international organizations such as the African Union; the BRICS; and similar institutions.

Can the African Union Function?


Can the African Union Function

Can the African Union Function

What Brought Me Back to Sudan Against My Will Twice?
Three groups of people worked hard in Sudan and abroad to destroy any chance for me to settle and begin new life in Africa. These groups are: 1- the Fulani (Fellata); 2- the corrupt; and 3- the failures. They know very well that any new beginning for me will be very successful and I will be powerful. They rightly knew that I will reveal them in large and deep scales. Fear; hatred; and jealousy brought them together against me. Bringing me back to Sudan is really the best way to contain and limit my dangers, with the option of eliminating me or detaining me are at hand easily at any time, if necessary and bearable.

My ideology is indigenous liberal Sudanese Nationalism. It is secular; tribalistic; non-ethnic; and it is against European Globalization; secret societies; and trans-nationalism. It is about equal empowerment for all native tribes and about absorbing settlers into their fabrics, with new citizenship laws. This nationalistic ideology considers both Left and Right politics as twins of imperialism. This ideology shall re-invent democracy and add to the conventional party-dominated politics the legitimate influences of tribes and trade/professional unions. It shall convert the single dimensional democracy to a multidimensional system. It shall reform and confront the rotten domestic and foreign systems at once.

Fortunately, I know how much violent, deceptive, and racist are the European elites (whether in Europe; America; Australia; Canada; or Africa) and the Arabs. Many African governments are stupid or/and puppets of the West (Europeans) and to Arab petrol-dollars. This is particularly true where I sought asylum and protection for 9 painful years. They did not see me as a useful asset; but they considered me a harmful liability.

The corruption of the World refugee system is being administered by a bad network composed of: bureaucratic UN; governmental diplomatic missions; unethical security apparatuses; and greedy Western NGOs. Any comparison between Arab and European refugees at one hand, against African and Asian refugees on the other will prove the corruption of the World refugee system. This must change. Can the African Union function?

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