From today's WSJ:
The China-Africa Development Fund, which was founded by state-owned lender China Development Bank Corp., plans to raise $2 billion by November to help expand business links between Africa and China, CDB Vice Governor Li Jiping said.
[...] In an interview on the sidelines of the Australia-China Bilateral Investment Seminar, Mr. Li said the China-Africa Development Fund will raise the money for expansion from Chinese financial institutions, including insurers.
The fund, established in 2007 with an initial $1 billion investment by CDB, had said it aims to eventually increase its total assets for investment to $5 billion. Australia is also a part of CDB's global strategy, Mr. Li said.