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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Oil-rich Angola bids to secure future with $5bln wealth fund (Video)

Posted on 26 October 2012

Angola, Africa’s second-largest oil producer, has launched a $5 billion sovereign wealth fund in an attempt to diversify its economy — a move more associated with wealthy Gulf States like Qatar and the UAE.
The state-owned investment fund, known as the Fundo Soberano de Angola, will invest domestically and internationally, focusing on infrastructure development and the hospitality industry. These are two areas the Government of Angola believes is “likely to exhibit strong growth”………………………………………..Full Article: Source


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