drawbacks

Angola’s sovereign wealth fund still in limbo despite improvements

By Estelle Maussion

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Posted on September 14, 2023 12:42

The FSDEA’s Kamba Dyami programme, which provides one laptop per pupil. January 2016. Facebook FSDEA

Created during the dos Santos era, Angola’s sovereign wealth fund is still finding its feet under the Lourenço administration.

Launched in 2012 with an endowment of $5bn, Angola’s Fundo Soberano de Angola (FSDEA) is modelled on sovereign wealth funds of other oil economies such as Norway and the Gulf States.

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