According to sources, terms of the negotiations between the fund and
"The terms for kick-starting the negotiations have been agreed on and
"But at the moment, there isn't much as the talks are still at early stages."
A director at CADFund, a Mr Chakanyuka said "probably the deal is happening at a shareholders' level."
Following the unbundling in February this year,
Before the unbundling, AICO owned 100 percent in
The fund's primary objective is to serve Sino-African trade co-operation through market-based mechanisms by reducing risk to Chinese investors in
It helps African projects find suitable Chinese investment partners while aiming at investing in low risk projects which provide sustained and consistent returns over a long period.
This is partly done with the objective of helping Chinese firms operating in
The fund was established in
As of 2010, the fund had invested in 30 projects in
In 2009 alone, the fund invested
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