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CADFund, China Bank provide US$150,000 to eradication Ebola

DECEMBER 16, 2014 By John Baimba Sesay in Beijing

Following a donation ceremony towards the fight against the Ebola virus disease in Sierra Leone, the China-African Development Fund (CADFund) – on behalf of the China Development Bank (CDB) – has provided the sum of one hundred and fifty thousand United States dollars (US$150,000) to the country, which has already been paid into the Ebola account at the Sierra Leone Commercial Bank in Freetown.

In an official communication sent to the Embassy of Sierra Leone in Beijing, CADFund expressed appreciation to the embassy and particularly to Ambassador Victor Bockarie Foh for the support given them.

They promised that “CDB and CADFund will stand together with the Ebola epidemic stricken countries and their people in the fight against the disease”.

They expressed optimism that the Ebola battle will be won and the country rebuilt with the efforts of Sierra Leoneans and assistance from the international community.

Reacting to the donation, Ambassador Victor Foh, on behalf of the government and people of Sierra Leone, expressed appreciation to the government and people of China for the intervention from CADFund and the China Development Bank.

CADFund, established in 2006, is the first Chinese equity investment fund primarily focusing on investment in Africa. With representative offices in four African countries – South Africa, Ethiopia, Ghana and Zambia – the Fund is aimed at enhancing China-Africa economic cooperation as well promoting Africa’s development through direct investment.

It has many years of experience in investment in Africa and has often focused its investment opportunities on industrialization, urbanization, infrastructural development, transportation, electricity, railways and the manufacturing sector.

In August 2013, Ambassador Foh encouraged CADFund to do more in Sierra Leone because “the government of Sierra Leone offers attractive investor climate for investment, which in turn strengthens bilateral relationship between Sierra Leone and the People’s Republic of China”.

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