| Angola's sovereign wealth fund has started investing in local state-owned farms to make them commercially viable for producing and exporting soft commodities, the fund's chairman Jose Filomeno dos Santos said on Monday.
The fund, known by its Portuguese acronym FSDEA, has recently secured a concession of seven large farms in the country covering some 72,000 hectares, it said in a statement on its first quarter investment update. "We have to add new management to each of the farms, determine which crops will be produced, expand irrigation systems - basically making them as efficient as possible so they can produce competitively and allow us to have products that can compete within Angola and even outside," dos Santos said..............................................Full Article: Source
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