Angola misses deadline on $5 bln wealth fund, blames legal challenge

LISBON (Reuters) - Angola said on Tuesday it missed its own deadline to publish an investment policy for a planned $5 billion sovereign wealth fund due to a legal challenge, slowing efforts to diversify its oil-dependent economy.

Angola launches $5 bln sovereign wealth fund

LISBON (Reuters) - Angola on Wednesday launched a $5 billion sovereign wealth fund to invest in domestic and overseas assets by funnelling its vast oil wealth into infrastructure, hotels and other high-growth projects.