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Vol 53 No 22

Published 2nd November 2012


Sovereign wonga fund

The glitzy launch of the Sovereign Wealth Fund has bedazzled the international financial world, although many of the details are unclear

Amid much fanfare, Luanda formally launched its US$5 billion Fundo Soberano de Angola on 17 October. The Fsdea was formed from the Fundo Petrolifero set up by the government early last year to accumulate oil revenue for strategic investment. Yet, for all its stylish website and flashy offices, financial analysts remain puzzled about its management, investment policies and legal status.

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