Home > News > EMEA >  Grayling Leads PR For $5bn Angola Sovereign Wealth Fund 

Grayling Leads PR For $5bn Angola Sovereign Wealth Fund

EMEA, Global

Arun Sudhaman 17 Oct 2012

LUANDA--Grayling has been charged with leading global PR for Angola's new $5bn sovereign wealth fund. 

The firm secured the business, estimated at around $500K, following a competitive review earlier this year, revealed by the Holmes Report.

The Fundo Soberano de Angola (FSDEA) aims to ease the impact of commodity price volatility in Africa's second-biggest oil producer, after an IMF loan three years ago.

A statement from the FSDEA, distributed by Grayling, said that the fund would aim to invest in financial securities as well as infrastructure and specific industries likely to exhibit strong growth in Sub-Saharan Africa. 

These include such areas as agriculture, water, power generation and transport. The fund will also seek to make investments that support the development of Angola’s infrastructure and help promote the country as a destination for foreign direct investment.

John Thompson, editor of Angola-Today, told the Holmes Report via email that a key challenge will be how FSDEA differentiates itself from existing investment funds, "such as those managed by state oil company Sonangol (the incumbent sovereign) and another oil fund targeted specifically at national housing and water projects."

Angola is one of many nations that have recently chosen to establish a sovereign wealth fund, including Nigeria, Mongolia, Italy, India, Panama and Israel.

Many well-established sovereign wealth funds, such as those from UAE, Singapore and Hong Kong, have public relations support in place, via global networks and local firms in key destinations.

comments powered by Disqus

 

 

Archive

WE Global Alliances @WE Global Alliances

Ashley Madison Steps Up Search For Asian PR Support http://t.co/bBzuCYi7vB via @HolmesReport

2 hours ago ReplyRetweetFavorite
BlueCurrent Group HK @BlueCurrent Group HK

BlueCurrent Group & FleishmanHillard racked up 5 #SABREAwards last night at St. Regis Beijing! Read: http://t.co/7WpzOAFZ5L @holmesreport

2 hours ago ReplyRetweetFavorite
kamalprit Singh @kamalprit Singh

@holmesreport RT @PROIWorldwide: BEIJING: Congratulations! PROI Worldwide agency Adfactors PR & @Xpress_Money wins Gold #SABREAwards

3 hours ago ReplyRetweetFavorite
APCO Worldwide @APCO Worldwide

Congratulations to @jamesLmcgregor! APCO's Jim McGregor To Receive Individual Achievement SABRE Award - http://t.co/TBgwlUpXX6

4 hours ago ReplyRetweetFavorite
秋澤知子 @秋澤知子

RT @EdelmanJapan: We won corporate media relations award for Power Japan Plus at @holmesreport's Sabre Awards! http://t.co/BLILKdXzxE

4 hours ago ReplyRetweetFavorite
Mani @Mani

RT @PROIWorldwide: BEIJING: Congratulations! PROI Worldwide agency Adfactors PR & @Xpress_Money wins Gold #SABREAwards @holmesreport #proi

5 hours ago ReplyRetweetFavorite
RSS | Join Facebook Twitter Linked In

Agency Directory

Search by Clients