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

Angola’s SWF reduces economy’s exposure to oil and drives sustainability

Posted on 30 October 2012

The creation of a sovereign wealth fund in Angola will help to reduce the Angolan economy’s exposure to variations in oil prices and establish conditions for sustainable growth, said credit rating agency Fitch.
The long-awaited Angolan Sovereign Wealth Fund, which was presented this month in Luanda, was set up with initial funding of US$5 billion to be channelled in to projects with potential for growth in Angola and abroad, particularly in sub-Saharan Africa………………………………………..Full Article: Source


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