Other News

Development of Economic and Social Initiatives through the Angola SWF...

INTRODUCTORY WORDS   Excellencies, distinguished speakers, panelists, ladies and...

FSDEA participates in the 10th edition of the International Forum of...

Marrakesh, Morocco, September 18 - 21, 2018. The 10th edition of the International Forum of...

Press Release

Luanda, August 1, 2018   In light of recent events, the Sovereign Fund of Angola (FSDEA) is pleased...

Sovereign Fund takes action to preserve assets allegedly diverted

The source noted that the fund has appealed to a court in the UK to ensure the preservation of these assets and prevent their use. The second step concerns an NPO (Norwich Pharmacal Order) order that FSDEA obtain judicial authorization for banking institutions to share information regarding the funds deposited in the bank accounts on their behalf or entities held by them or participated. The third action concerns a request to freeze the accounts of FSDEA officials and managing bodies to prevent possible dissipation or waste. The President of the Republic, João Lourenço, on January 10 of this year appointed a new board of directors of FSDEA, chaired by Carlos Alberto Lopes, to replace José Filomeno dos Santos. The new FSDEA administration is taking steps to remove Quantum Global from the condition of managing the assets of this institution and to ensure that the purposes underlying its creation are met According to the new administration, the objective of creating the fund was to invest in Angola's oil revenues for the future of Angolans and establish a legacy beyond oil production.

Angola wants control of financial management – The Angolan...

Speaking to Angop at the 4 de Fevereiro International Airport, the President of the Board of...

Delegation of the Sovereign Fund on their way to Mauritius

The delegation is headed by the chairman of its Board of Directors, Carlos Alberto Lopes. The...
Instant SSL Pro