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Sovereign Wealth Funds Briefing - Categorized | Investment, Market, People

Angola wealth fund looks to invest in Southern Africa

Posted on 12 March 2013

The son of Angolan President Jose Eduardo dos Santos says the country’s new $5bn sovereign wealth fund will look for investment opportunities in South Africa and the region as it bids to grow the returns that are key to improving infrastructure in the oil-rich nation.
Jose Filomeno de Sousa dos Santos, director for strategy at the Sovereign Wealth Fund of Angola — better known by its Portuguese acronym FSDEA — says the fund’s priority is to invest in industries, manufacturing and infrastructure. It is keen to put that cash in Angolan projects, as well as those of key ally South Africa, and possibly western economies………………………………………..Full Article: Source


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