Skip to content
Subscriber Only

Angola Names Deloitte to Audit $5 Billion Sovereign Wealth Fund

Angola, the largest crude oil producer in Africa after Nigeria, appointed Deloitte LLP as the independent auditor of its $5 billion sovereign wealth fund to ensure transparency.

The fund, headed by Jose Filomeno dos Santos, the eldest son of President Jose Eduardo Dos Santos, also appointed Artur Carlos Andrade Fortunato to the board of directors to oversee risk management, according to a statement from the fund today.