LISBON (Reuters) - Angola plans announce the investment policy for its new $5 billion sovereign wealth fund in the first quarter of next year, the fund's management board said in a statement on Wednesday.
The fund was launched in October to invest in domestic and overseas assets by funneling Angola's vast oil wealth into infrastructure, hotels and other high-growth projects.
Angola, Africa's second-largest crude producer, is looking to diversify its oil-dependent economy by developing infrastructure outside the energy industry. The country was devastated by a 27-year civil war that ended a decade ago.
Source: http://news.yahoo.com/angola-outline-sovereign-fund-policy-q1-131501979--sector.html
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