Angolan SWF Shrinks After $2 Billion Withdrawal for Infrastructure

Posted on 07/01/2019


The Fundo Soberano de Angola (FSDEA) is the sovereign wealth fund of Angola. FSDEA started out with US$ 5 billion when the fund started surpassing Nigeria’s sovereign wealth fund in size. The Angolan government under its new President Joao Lourenco withdrew US$ 2 billion from the fund to “build or finish infrastructure projects including classrooms, […]