Strategic Development: Angola Sovereign Wealth Fund Building Hospitality School

José Filomeno de Sousa dos Santos, Chairman of FSDEA

José Filomeno de Sousa dos Santos, Chairman of FSDEA

Fundo Soberano de Angola (FSDEA) has begun construction on Academia de Gestão da Hospitalidade Angolana, a new hospitality school. The school will be located in the Angola province of Benguela which borders the Atlantic coast. The FSDEA is a strategic development sovereign wealth fund (SDSWF), that is embarking on local investment projects to boost returns, while stimulating job creation. FSDEA is attempting to boost tourism, by creating a hospitality sector within Angola and the greater region.

See Angolan Sovereign Wealth Fund Profile

Switzerland is known for its world-renowned hospitality schools, attracting international students. The FSDEA is collaborating on the school development with Lausanne Hospitality Consulting (LHC), the Swiss knowledge development and management advisory company and the consulting and executive education division of Ecole hôtelière de Lausanne (EHL). By partnering with Lausanne Hospitality Consulting, the FSDEA wants to ensure the school is EHL accredited.

In a press release, José Filomeno dos Santos, Chairman of the Board of Directors, FSDEA, said, “As we continue to witness exponential economic growth there is a growing demand for trained professionals in the hotel industry. The main objective of the Academy is to provide leading training in this sector across our continent. EHL is one of the best known hospitality schools globally, and we are therefore very pleased that youth from Angola and around the continent will be able to benefit from their renowned expertise and know-how.”

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