Angolan government presents Angolan Sovereign Wealth Fund

17 October 2012

The Angolan government is due Wednesday in Luanda to present the Angolan Sovereign Wealth Fund, which will manage Angolan state investments abroad, Angolan weekly newspaper Expansão reported.

The Angolan Sovereign Wealth Fund will be funded by some of the Angolan state’s revenues from oil sales.

A sovereign wealth fund is a state-owned fund that some countries set up to manage resources that are usually generated by selling mining resources and oil. (macauhub)