China Africa Development Fund (CADF) is a vehicle solely funded by the China Development Bank (CDB). The Fund encourages Chinese businesses’ investments and activities in Africa in the fields of power generation, transportation infrastructure, natural resources and manufacturing, among others. CADF is also entrusted with managing the USD 1 billion China-Portuguese Speaking Development Fund (CPDFund). Outside of its HQs in Beijing, CADF has five offices in South Africa, Ethiopia, Zambia, Ghana and Kenya.