INTRODUCTORY WORDS   Excellencies, distinguished...

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

Luanda, August 1, 2018   In light of recent events, the Sovereign Fund...

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.

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