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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Angolan court rejects opposition complaint on sovereign fund

Posted on 11 February 2013

Angola’s constitutional court on Friday rejected a claim by an opposition party that President Jose Eduardo dos Santos had overstepped his powers to create the country’s $5 billion sovereign wealth fund.
Angola launched the fund last October to invest in domestic and overseas assets by funnelling the country’s vast oil wealth into infrastructure, hotels and other high-growth projects………………………………………..Full Article: Source


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