March 17 (Bloomberg) -- China will add $2 billion to an African investment fund to take advantage of opportunities in agriculture, power generation and mining left behind by western investors caught in the global credit freeze, the Financial Times reported, citing Chi Jianxin, chief executive of the fund.

The China-African Development Fund has invested $400 million since starting in 2006 and will probably have spent most of its initial capital of $1 billion this year, as much as two years ahead of schedule, the report said.

Last Updated: March 16, 2009 19:53 EDT