January 8, 2018 / 10:43 AM / 5 months ago

Angola's president may change sovereign wealth fund leadership

LUANDA (Reuters) - Angola’s President Joao Lourenco said on Monday he may change the leadership of the country’s $5 billion sovereign wealth fund, depending on the results of an external inquiry into its performance and governance due to be completed in coming days.

FILE PHOTO: Angola's new president Joao Lourenco waves after being sworn in as the country's first new leader in 38 years in Luanda, Angola, September 26, 2017. REUTERS/Stephen Eisenhammer/File Photo

The fund is run by Jose Filomeno dos Santos, son of former President Jose Eduardo dos Santos, who was succeeded by Lourenco last year.

Reporting by Herculano Coroado; Writing by Joe Brock

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