| The Angola Sovereign Fund has set up five venture capital funds for high-growth industries and the economic and social development of Angola and sub-Saharan Africa, the fund said in a statement sent to Macauhub.
The statement, issued Monday, said that the five funds have starting capital of US$ 1.4 billion to be invested in venture capital investments over the next three to five years in projects in the mining, logging, agriculture and health sectors. The fifth fund, called “Mezzanine Fund” is intended to support entrepreneurs where financing through traditional debt does not apply, providing US$250 million over the next five years...............................................Full Article: Source
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