Angola’s sovereign wealth fund
The chairman of the national sovereign wealth fund, talks about the economic decade ahead for his country.
Resource-rich Angola is Africa’s second-biggest oil producer after Nigeria. It opened a sovereign wealth fund a couple of years ago with $5bn in funds – which is not much compared to those at the top of the list.
In the top three, Norway has a sovereign wealth fund worth nearly $900bn; followed by Abu Dhabi with $773bn and Saudi Arabia with $737bn. The Gulf states often go after big ticket items – football teams, major retail stores, and property, among others. So what will Angola do with its cash?
Counting the Cost’s business editor Abid Ali spoke to the chairman of Angola’s sovereign wealth fund, Jose Filomeno Dos Santos, about where his comparatively small nation sees itself in the next decade.
Watch each week at the following times GMT: Friday: 2230; Saturday: 0930; Sunday: 0330; Monday: 1630. Click here for more Counting the Cost . Follow Kamahl Santamaria @KamahlAJE and business editor Abid Ali @abidoliverali . |
