Angola on Wednesday launched a US$5 billion sovereign wealth fund to invest in domestic and overseas assets by funnelling its vast oil wealth into infrastructure and other high-growth projects.
Africa's second-largest crude oil producer is looking to diversify its oil-dependent economy by developing infrastructure outside the energy industry. The country which was devastated by a 27-year civil war that ended a decade ago, has one on fastest growing economies in Africa.
Nigeria, the
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