Angola joins the big players with SWF plan

In depth
Issue 152 - 12 Dec 2008 | 4 minute read

News that Angola is to set up a sovereign wealth fund marks the latest sign that the country is putting its war-torn past behind it to take its place among the continent’s major economies, writes Kevin Godier. The announcement that Luanda plans a sovereign wealth fund to act as a cushion for future fiscal deficits is the latest sign that booming Angola is becoming a major economic force. The news followed the closure in late October of a long-awaited seven-year, $2.5bn syndicated loan

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