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Sovereign Wealth Funds Briefing - Categorized | People

Angola’s finance minister change boosts fund, Control Risks says

Posted on 08 May 2013

The appointment of Armando Manuel as Angola’s finance minister boosts the legitimacy of the southern African nation’s $5 billion sovereign wealth fund, Markus Weimer of Control Risks Group said.
Angolan President Jose Eduardo dos Santos replaced Finance Minister Carlos Alberto Lopes yesterday in a cabinet shuffle and appointed Waldemar Pires Alexandre construction minister. “The appointment of Manuel brings greater legitimacy and prominence to the sovereign wealth fund, which is going to be an important part of Angola’s development going forward,” Weimer, a senior analyst for Control Risks in London, said………………………………………..Full Article: Source


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