
Cabo Verde Sovereign Fund Expresses Interest in FSDEA’s Experience
The Sovereign Wealth Fund of Angola (FSDEA) on Monday, 15 December, received a delegation from the Cabo Verde Sovereign Guarantee Fund for Private Investment (FSGIP), led by its Chairman of the Board of Directors, João Fidalgo, in an institutional meeting aimed at strengthening cooperation between African sovereign funds. The meeting was held by FSDEA Administrator Igor Lima, on behalf of the Chairman of the Board, Dr Armando Manuel, and was also attended by the FSDEA Chief Economist, Cristóvão Neto.
During the meeting, the parties exchanged views on governance models, investment policies and the prudent management of long-term assets, with particular emphasis on the best practices adopted by the FSDEA. On the sidelines of the meeting, João Fidalgo noted that 'the Sovereign Wealth Fund of Angola is today a relevant benchmark in the African and international context, both in terms of its governance model and the strategic clarity of its asset allocation and ESG integration', adding that the FSGIP views the FSDEA as 'a natural partner for the sharing of knowledge and experience that can strengthen the institutional and technical capacity of the Cabo Verde fund.'
The Chairman of the FSGIP further expressed interest in deepening cooperation with the FSDEA in areas such as investment strategies and asset allocation, risk management and compliance, the integration of environmental, social and governance (ESG) criteria, as well as transparency and institutional communication practices, considering that closer collaboration between the two institutions could make a decisive contribution to the promotion of sustainable development in Cabo Verde.
About the FSGIP
The Sovereign Guarantee Fund for Private Investment (FSGIP) was established by Law No. 65/IX/2019 of 14 August, with the legal status of an autonomous estate operating as a single-shareholder public limited company, and is exclusively liable for obligations incurred in the course of its activities. With full operations commencing in 2022, the Fund has an initial share capital of €100 million, of which €90 million was paid in by the State of Cabo Verde, while the remaining €10 million is to be raised through placement in the capital markets, in line with its financial mobilisation strategy.






