Louise Redvers's blog

Selling out Angola's street vendors

By Louise Redvers | January 16th, 2014
Street vendors are under attack from the Angola government © James Oatway/Sunday Times

The announcement that Angola plans to enforce laws banning street trading is another example of ham-fisted policy application by a government that has lost touch with its people and their basic needs.

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Angola's transsexual UN ambassador

By Louise Redvers | October 07th, 2013
Titica is UNAIDS' new Goodwill ambassador

In a bold move, UNAIDS has gone ahead with a long-mooted plan to make Angola’s transsexual Kuduro star Titica one of its goodwill ambassadors.

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Keeping Angola's Wealth Fund in the family

By Louise Redvers | June 25th, 2013
Angola's sovereign wealth fund apparently has US$5 billion in oil revenues to spend

Angola’s Sovereign Wealth Fund has been struggling for credibility since its high-profile launch in October last year. For seven months, the Fundo Soberano de Angola (FSDEA) appeared to talk big but do little. However, after rather embarrassingly missing its own self-imposed deadline to publish its investment policy by the end of the first quarter of 2013, the FSDEA has finally – three months later – given us a glimpse of how it plans to use its pot of US$5billion.

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All talk and absolutely no action

By Louise Redvers | June 13th, 2013
Angola's Sovereign Wealth Fund website

More than seven months on from its high-profile launch Angola’s Sovereign Wealth Fund has no investment policy, no chairman and despite its huge press team’s best efforts, dwindling credibility.

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Oil money for a rainy day

By Louise Redvers | October 23rd, 2012
Oil rig off Angola

Angola has become the latest country on the continent to launch a sovereign wealth fund, joining an elite club of resource-rich nations including Nigeria, Equatorial Guinea and Gabon. Unveiled last week in the capital Luanda, the fundo soberano de Angola (FSDEA)  has pledged to adhere to international standards of transparency, including the generally accepted principles and practices, or "Santiago principles", defined by the international working group of sovereign wealth funds.

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