FSDEA Reaches Profitability, Assets Grow in 2016

Posted on 09/20/2017


Fundo Soberano de Angola (FSDEA) released its audited financial for the latest fiscal year 2016. FSDEA revealed that total assets grew to US$ 4.99 billion from US$ 4.75 billion in 2015. In addition, FSDEA’s investment portfolio was heavily weighted at 58% toward sub-Saharan Africa. The fund generated US$ 44 million in income, reaching profitability for […]