Published 4 July 2019, by Mercury Reporter
Durban – A $1 billion Belt and Road Africa Fund was announced on the sidelines of the annual WEF Summer Davos Meeting, which is currently under way in Dalian, China.The fund, to be headed by chairman-designate Dr Iqbal Survé, will focus on investments on the African continent, which will include co-investments in infrastructure, technology, e-Commerce, artificial intelligence (AI) and the beneficiation of the resource industry in Africa.
Most importantly, the fund will serve as a bridge between African and Chinese businesses, thus strengthening, particularly, the co-operation between business sectors in China and Africa.
Dr Survé, who is the chairman of the Sekunjalo Group, along with several Chinese family offices and business people, launched the fund, which will be capitalised with a billion dollars from wealthy Chinese investors.
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