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

Angola misses deadline on $5bln fund

Posted on 17 April 2013

Angola said on Tuesday it missed its own deadline to publish an investment policy for a planned $5 billion sovereign wealth fund due to a legal challenge, slowing efforts to diversify its oil-dependent economy.
Africa’s second-largest oil producer announced plans for the fund in October, to invest in everything from water projects to sub-Saharan hotels. It has made little progress since, frustrating investors who had hoped for clearer signals on potential spending…………………………………….Full Article: Source


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