Help to maintain a stable global financial system and a free flow of capital and investment;


Comply with all regulatory and information requirements in the countries where the Fund invests;


Invest on the basis of economic and financial risks and return-related considerations;


Maintain a sound and transparent governance structure that provides for adequate operational controls, risk management and accountability.

Code of Conduct

The Angola Sovereign Fund Code of Conduct was established by its Board of Directors. It contains all the principles that guide the FSDEA's relationships with the parties involved in its actions, including employees, administrators, customers, suppliers, service providers, investees, partners, public institutions and agents, the general public, media and all other sectors of society.

The Code of Conduct has a broad range of guidelines, which are not all covered in this document. Above all, they act as a formal statement of the fund’s commitment to comply with both the law and ethical principles, which must be strictly observed by all those acting on behalf of the FSDEA.

Corruption Prevention Policy

The Angola Sovereign Fund Corruption Prevention Policy aims to ensure that all members of the Board of Directors, officials and any third parties empowered to act on their behalf comply with the requirements of Law 3/10 of 29 March on Public Probity, which establishes the bases and the legal regime regarding public morality and respect for public property by public officials, as well as any other national or foreign laws that apply to the FSDEA’s activities, the Code of Conduct and the other policies thereof in order to ensure that the Fund’s business activities are conducted in accordance with the Law and based on the highest standards of integrity and transparency.

Accordingly, this Policy aims to combat and prevent any form of corruption with respect to situations that might conflict with or infringe the Law or the conduct guidelines established by the FSDEA.

Outsourcing Policy

The Angola Sovereign Fund was created by Presidential Decree No. 48/11 of 9 March. By means of Presidential Decrees 107/13 and 108/13 of 28 June, the President of the Republic of Angola entrusted the FSDEA’s Board of Directors to protect and maximise profits on FSDEA assets.

To achieve this objective, it is necessary to provide general guidelines on the feasibility and reliability of the outsourcing process and establish general and specific principles to govern the FSDEA’s relationship with third parties.

The purpose of the Outsourcing Policy is to define prerequisites, procedures, minimum requirements, risk management, supervisory and governance mechanisms for the outsourcing of external tasks and functions.

Decrees and Orders

  • Decreto Presidencial n.º 229 e 331/2023

    Presidential Decree n.º 214 - 19

    Presidential Decree n.º 213 - 19

    Presidential Decree n.º 212 - 19

    Management Regulation

    Investiment Policy

    Presidential Decree n.º 212/19

    Organic Statute

    Presidential Decree n.º 77 -15

    Order n.º 2461-13

    Order n.º 1029-18

    Order n.º 1027-18

    Presidential Decree n.º 107-13

    Presidential Decree n.º 92-13

    Presidential Decree n.º 89-13

    Presidential Decree n.º 7-18

    Presidential Decree n.º 63-18

    Presidential Decree n.º 6-18

    Presidential Decree n.º 48-11

    Presidential Decree n.º 4-18

    Presidential Decree n.º 31-A-12

    Presidential Decree n.º 224-16

    Presidential Decree n.º 169-15

    Presidential Decree n.º 135-15

    Presidential Decree n.º 108-13

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