China-Africa Development Fund
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China-Africa Development Fund
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. In 2015, China announced its plan to expand the CAD fund to $10 billion. Investments The fund's primary purpose is foster Sino-African investment through bridging f ...
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Beijing
} Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 million residents. It has an administrative area of , the third in the country after Guangzhou and Shanghai. It is located in Northern China, and is governed as a municipality under the direct administration of the State Council with 16 urban, suburban, and rural districts.Figures based on 2006 statistics published in 2007 National Statistical Yearbook of China and available online at archive. Retrieved 21 April 2009. Beijing is mostly surrounded by Hebei Province with the exception of neighboring Tianjin to the southeast; together, the three divisions form the Jingjinji megalopolis and the national capital region of China. Beijing is a global city and one of the world's leading centres for culture, diplomacy, politics, finance, busi ...
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Husab Mine
The Husab Mine, also known as the Husab Uranium Project, is a uranium mine near the town of Swakopmund in the Erongo region of western-central Namibia. The mine is located approximately from Walvis Bay. The Husab Mine is expected to be the second largest uranium mine in the world after the McArthur River uranium mine in northern Saskatchewan, Canada and the largest open-pit mine on the African continent. Mine construction started in 2014. The Husab Mine started production towards the end of 2016 after completion of the sulfuric acid leaching plant. On 1 December 2011, the Namibian Ministry of Mines and Energy granted license to Swakop Uranium to develop the mine. The Husab Mine uranium is granite hosted. The mine has the potential to produce 15 million pounds (6800 tonnes) of uranium oxide per annum. The Husab mine contains approximately 280 million tonnes of uranium ore. Mining is expected to last nearly 20 years. Geology Uranium mineralisation is hosted primarily within shee ...
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Private Equity Firms Of China
Private or privates may refer to: Music * "In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorded by Ringo Sheena * "Private" (Vera Blue song), from the 2017 album ''Perennial'' Literature * ''Private'' (novel), 2010 novel by James Patterson * ''Private'' (novel series), young-adult book series launched in 2006 Film and television * ''Private'' (film), 2004 Italian film * ''Private'' (web series), 2009 web series based on the novel series * ''Privates'' (TV series), 2013 BBC One TV series * Private, a penguin character in ''Madagascar'' Other uses * Private (rank), a military rank * ''Privates'' (video game), 2010 video game * Private (rocket), American multistage rocket * Private Media Group, Swedish adult entertainment production and distribution company * ''Private (magazine)'', flagship magazine of the Private Media Group ...
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Africa–China Relations
Sino-African relations or Afro-Chinese relations are the historical, political, economic, military, social, and cultural connection between mainland China and the African continent. Little is known about ancient relations between China and Africa, though there is some evidence of early trade connections. Highlights of medieval contacts include the 14th-century journey of Moroccan scholar Ibn Battuta, the 14th-century visit of Somali scholar and explorer Sa'id of Mogadishu and the 15th-century Ming dynasty voyages of Chinese admiral Zheng He. Modern political and economic relations between mainland China and the African continent commenced in the era of Mao Zedong, following the victory of the Chinese Communist Party (CCP) in the Chinese Civil War. At the turn of the 21st century, the modern state of the People's Republic of China (PRC) built increasingly strong economic ties with Africa. In 2013, it was estimated that one million Chinese citizens were residing in Africa. A ...
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Belt And Road Initiative
The Belt and Road Initiative (BRI, or B&R), formerly known as One Belt One Road ( zh, link=no, 一带一路) or OBOR for short, is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 150 countries and international organizations. It is considered a centerpiece of the Chinese leader Xi Jinping's foreign policy. The BRI forms a central component of Xi's "Major Country Diplomacy" ( zh, 大国外交) strategy, which calls for China to assume a greater leadership role for global affairs in accordance with its rising power and status. It has been compared to the American Marshall Plan. , 149 countries were listed as having signed up to the BRI. Xi originally announced the strategy as the "Silk Road Economic Belt" during an official visit to Kazakhstan in September 2013. "Belt" is short for the " Silk Road Economic Belt," referring to the proposed overland routes for road and rail transportation through landlocked Central A ...
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Special Economic Zones Of China
When Deng Xiaoping took over as the paramount leader of the People's Republic of China (PRC), he presented himself as a pragmatic contrast to his predecessor Mao, who was more of a theorist and an ideologist. Deng's main goal was to lift people out of poverty and significantly improve the lives of ordinary Chinese people. In justifying opening up and the series of economic reforms that ensued, Deng referred to Marx and his theories, which predicted that nations need to undergo urbanization and a stage of capitalism for a natural socialist transition. One of the most renowned reforms under Deng was establishing four "special economic zones" along the Southeastern coast of China, with Shenzhen, Shantou, and Zhuhai located in Guangdong province and Xiamen located in Fujian province. Special economic zones (SEZs) in mainland China are granted more free market-oriented economic policies and flexible governmental measures by the government of China, compared to the planned economy elsewher ...
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Africa World Airlines
Africa World Airlines Limited (AWA) is a Ghanaian airline company that was incorporated in 2010 and commenced flights in 2012. It has its head office in Airport City Accra, and its main hub at Kotoka International Airport in Accra. It is the largest airline in Ghana with over 600,000 passengers booked in 2021, accounting for 65% of domestic passengers and 30% of all air passengers in the country. The airline has been consistently profitable since 2014. AWA is a joint venture between Ghanaian shareholders SAS Finance Group and SSNIT, with minority shareholdings also by both HNA Group and China-Africa Development Fund via Zhongjia Investments of China. History Startup AWA was born as the brainchild of noted Ghanaian investment banker and traditional leader Togbe Afede XIV. The airline received its Air Carrier License from Ghana Civil Aviation Authority on 4 March 2011. After securing funding and partnership for the project, the initial management team led by CEO Zhang Jiuhu ...
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Huayou Cobalt
Huayou Cobalt Co., Ltd was found in 2002,and specializing in research and development, manufacturing business of new energy Li-ion battery materials and new cobalt materials. As a primarily supplier of cobalt, including cobalt tetroxide, cobalt oxide, cobalt carbonate, cobalt hydroxide, cobalt oxalate, cobalt sulfate, and cobalt monoxide, it is headquartered in the Tongxiang Economic Development Zone of Zhejiang, China. After decades of development, Huayou Cobalt has established an unique and integrated industrial chain around Li-ion battery material, with headquarter in Tongxiang, resource sourcing abroad, production bases in China and marketing globally. It has four business segments including Resources, New Materials and New Energy and Recycling. It created a new energy li-ion battery industrial ecology from development and metallurgy of cobalt and nickel resources, intensive processing of li-ion cathode materials, to resource recycling and reusing. Creating values for the cli ...
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Mail And Guardian
The mail or post is a system for physically transporting postcards, letters, and parcels. A postal service can be private or public, though many governments place restrictions on private systems. Since the mid-19th century, national postal systems have generally been established as a government monopoly, with a fee on the article prepaid. Proof of payment is usually in the form of an adhesive postage stamp, but a postage meter is also used for bulk mailing. With the advent of email, the retronym "snail mail" was coined. Postal authorities often have functions aside from transporting letters. In some countries, a postal, telegraph and telephone (PTT) service oversees the postal system, in addition to telephone and telegraph systems. Some countries' postal systems allow for savings accounts and handle applications for passports. The Universal Postal Union (UPU), established in 1874, includes 192 member countries and sets the rules for international mail exchanges as a Specializ ...
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Independent Online (South Africa)
''Independent Online'', popularly known as ''IOL'', is a news website based in South Africa. IOL serves the online versions of a number of South African newspapers, including ''The Star'', ''Pretoria News'', '' The Daily Voice'', ''Cape Times'', ''Cape Argus'', ''Weekend Argus'', '' The Mercury'', ''Post'', ''Diamond Fields Advertiser'', ''Isolezwe'', ''Daily Tribune'', ''Sunday Tribune'', ''The Independent on Saturday'', and '' The Sunday Independent''. Corporate affairs Ownership Sekunjalo Investments owns 55% of the company via its subsidiary Sekunjalo Independent Media, the Public Investment Corporation of South Africa owns 25%, and two Chinese state-owned enterprises (China International Television Corporation and the China Africa Development Fund) own the remaining 20% of the newspaper. China International Television Corporation is a wholly-owned subsidiary of state broadcaster China Central Television (CCTV). Before 2013, IOL was owned by the Independent News & M ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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