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.
SÃO TOMÉ & PRÍNCIPE
The biggest challenge yet to the government of Prime Minister Patrice Trovoada saw the three opposition parties band together in a major demonstration on 19 October with ‘Save Democracy’ as the official slogan.
Political rivals, warlords and some regional officials are already testing the mettle of President Hassan Sheikh Mohamud, just over a month after his election. Relatively untarnished by the cut-throat world of Somali politics, the former civil activist and World Bank consultant was regarded hopefully by some diplomats as the herald of a ‘Somali Spring’.