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Tag Archives: China Development Bank


Troubled state-owned power utility Eskom scored big today, signing a $2.5 billion (about R33 billion) term facility agreement with the China Development Bank, in a bid to plug the holes in its balance sheet. Eskom chief executive Phakamani Hadebe said the $2.5 billion loan agreement was “strategic” for the power …

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Wang Yong: Chinese fund invests 4 billion USD in Africa

The China Africa Development Fund (CAD Fund), an equity investment fund managed by China Development Bank, had invested 4 billion U.S. dollars in Africa as of the end of November, authorities said Wednesday. Since its establishment in 2007, the fund has invested in 88 projects in 37 African countries. The …

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Eskom signs agreement with China Development Bank

Eskom and the China Development Bank (CBD) have signed an inaugural $500 million (R7 billion) credit facility agreement that will go towards the parastatal’s capital expenditure programme. “The successful execution of this credit facility increases the funding secured for financial year 2016/17 to R51 billion, meaning we have secured 75% …

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Zuma Arrives in China for the ‘Investing in Africa Forum’

Around 300 government officials, entrepreneurs and other delegates will be taking part in the forum jointly hosted by the Chinese Development Bank and the Chinese government.China is currently the largest single bilateral investor in Africa as well as Africa’s largest trading partner. Recent visits by Chinese leaders to Africa signaled …

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