Africa-Press – Angola. The Sovereign Fund of Angola (FSDEA) is expected to end this economic year with assets under its management close to five billion dollars, maintaining a strategy focused on the profitability of the State’s assets and the diversification of the national economy, the Chairperson of the institution’s Board of Directors, Armando Manuel announced on Saturday, in Luanda.
Armando Manuel who was speaking to the press, on the sidelines of the ceremony to present year-end greetings to the President of the Republic, João Lourenço, stated that expectations for next year are positive, supported by encouraging signs from the global, regional and national economy, especially in the sectors where the Fund has investments.
According to him, the FSDEA will continue to guide its actions towards fulfilling the mandate of maximizing financial returns for future generations, while contributing to the diversification of the Angolan economy.
For the coming years, including 2026, the investment strategy involves consolidating its presence in international markets, with a special focus on fixed income and variable income assets.
He pointed out that at a regional level, the Fund intends to reinforce investments in frontier economies on the African continent, with emphasis on the mining, agriculture and hotel sectors.
“In Angola, priority falls on areas considered strategic, such as fertilizer production, with a view to increasing agricultural productivity, creating jobs and reinforcing the domestic supply of food”, highlighted the manager.
According to Armando Manuel, the pharmaceutical industry sector will also continue to deserve special attention, due to its impact on human capital and the supply of medicines to the health system.
Along these lines, he revealed that the FSDEA has already commissioned a medicine factory in Huambo, currently in the initial production phase for certification purposes, in addition to two units under construction in the province of Luanda.
According to the FSDEA PCA, these investments should contribute to reducing dependence on medicine imports and increasing the availability of pharmaceutical products in the country.
Although he did not provide concrete figures, he clarified that the pharmaceutical sector is part of the fourth level of the Fund’s alternative investment portfolio, after mining, agriculture and hotels.
Armando Manuel, remember, was appointed to preside over the Board of Directors of the Sovereign Fund of Angola in December 2023, by decision of the President of the Republic, a position he currently holds.
Source: ANGOP
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