Angola's sovereign fund allocates further $1.4 billion to Africa projects

April 13, 2015 3:20 PM

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LONDON, April 13 (Reuters) - Angola's sovereign wealth fund said on Monday it was allocating $1.4 billion to five new vehicles that will invest in sectors such as mining, timber, agriculture and healthcare within the country and elsewhere in Africa.

The Fundo Soberano de Angola (FSDEA) said vehicles focused on mining, timber and agriculture will each have $250 million to invest, while a healthcare fund will have $400 million.

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