The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

Angola's sovereign fund exceeds 5 bln USD in assets

Contributed by NAMPA / Xinhua.

LUANDA, Oct. 13 (Xinhua) -- The Sovereign Fund of Angola (FSDEA) announced Thursday that its total current assets reached 5 billion U.S. dollars in June, an increase of more than 59 million dollars compared to 2016.
The FSDEA, created in 2012 by the Angolan government, reached its planned allocation of 5 billion dollars, with part of the Angolan oil revenues, in four years.
The fund's president of the board of directors, Jose Filomeno dos Santos, said the results for the second quarter of 2017 " ...