Angola’s Sovereign Fund invests $500 Million in hotels

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The Fundo Soberano de Angola (FSDEA) released its third quarter investment update for 2014, which covers the period the 1st of July to the 30th of September 2014.” According to the FSDEA’s balance sheet, the net value of the Fund stood at USD $4.95 billion” says Forbes contributor Mfonobong Nsehe.

Forbes says that “The FSDEA has allocated USD $500 million equity capital to a Hotel Fund for Africa, which aims to fulfil the significant undersupply of international standard hotel management capacity in the continent. This vehicle will be in a position to take up debt up to 50 per cent, potentially doubling its total investment capability”.

FSDEA is also “investing USD $1.1 billion in a dedicated Infrastructure Fund that will focus on equity investments in energy, transport and large industrial developments domestically and across the sub-Saharan African regi” the artcile adds.

Mfonobong Nsehe had a conversation today with José Filomeno dos Santos, Chairman of the Board of Directors of FSDEA. wich may be read here. 

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