
[miningmx.com] – ANGOLA’S sovereign wealth fund is seeking to diversify its oil-focused investment strategy into gold, copper and silver, said Reuters which cited the fund’s chairman Jose Filomeno dos Santos.
Dos Santos told Reuters that there was “fiscal pressure” on the country this year following the decline in oil revenues, a development that may also force Angola to push through long-delayed private sector reforms.
“It’s not the best situation for the nation,” dos Santos told Reuters. “It’s probably going to be an incentive for reforms to take place to enable the private sector to take part.”
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