Financial Times FT.com

China seeks Africa joint ventures

By Barney Jopson in Sharm el-Sheikh

Published: November 9 2009 17:51 | Last updated: November 9 2009 17:51

China’s state-backed Africa investment fund is seeking to break new ground by pushing Chinese companies to build infrastructure through joint ventures with African governments, according to a senior ­executive.

In a rare interview, Zhou Chao, a managing director of the multi-billion-dollar China-Africa Development Fund (CADFund), told the Financial Times that “we encourage” public-private partnerships as a means of fixing Africa’s infrastructure bottlenecks.

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