11.12.2014 - Angola sovereign fund allocates $1.6 bln to Africa projects
Oil-rich Angola's sovereign wealth fund has set aside $1.6 billion to back infrastructure and hotel projects across sub-Saharan Africa, though falling energy prices could slow future flows of new money into its coffers. In an investment update for the three months to September 30, the Fundo Soberano de Angola (FSDEA) said on Wednesday its net value now stands at $4.95 billion, net of running costs taken out of the original $5 billion endowed by the government. The FSDEA said it is investing $1.1 billion in an infrastructure fund that will focus on investments in energy, transport and industrial projects in Angola and elsewhere in sub-Saharan Africa...............................................Full Article: Source
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