Overview

Through the Social Charter, the Fundo Soberano de Angola supports social programs and partners with aid agencies through its social impact program that is set out to reach the communities across Angola and other jurisdictions it invests directly.

As a part of this commitment, the Fund dedicates up to 7.5 per cent of its endowment to social development and socially responsible projects in the areas of education, income generation and off-the-grid access to clean water, healthcare and energy.

The Social Charter aims to ensure that the Fundo Soberano de Angola plays an integral role in nurturing the country’s future by providing the tools for Angolans to participate in the country’s economic growth in a manner that allows them to reach their individual aspirational goals.

The Fund will look to focus on a number of priority areas such as income generation, access to off the grid clean water, healthcare and energy, as well as professional training to ensure the sustainability of its investments.

FSDEA_Investing In Angola’s Future

Download Social Charter Investment Principles

Initiatives

The Social Charter aims to address a number of key social challenges faced by local communities. The FSDEA’s pilot programs specifically support the development of advanced education and learning techniques required by students to participate in Angola’s dynamic economic environment.

Future Leaders of Angola – Scholarship Program

In August 2014, the FSDEA announced the launch of its Scholarship Program, called ‘Future Leaders of Angola’, aimed at building up the economic empowerment and capacity of a new workforce in Angola.

This exclusive initiative offers talented young Angolan graduates the opportunity to participate in an intensive and specialized management course with focus on international business management and banking & finance. The Fund awarded 46 scholarships for the 2014-2015 program, offered in partnership with the School of Management and Law of the Zurich University of Applied Sciences (ZHAW).

The graduates of this exclusive educational program will access global experiences and gain a deep knowledge of various successful industries worldwide, becoming future leaders of knowledge in Angola. Many of the graduates of this program will help to build the economic development and prosperity of the country.

The continuous investment in vocational training of young Angolans highlights the commitment of the Fund to social development projects and to supporting the sustainable economic growth of the country, in accordance with its investment policy, decreed by the Government of Angola in June 2013.

Scholarship Website: http://futuroslideres.fundosoberano.ao

The Bungo Initiative – Supporting Agricultural Communities

In December 2013, the FSDEA, in collaboration with the local government authorities, launched an integrated pilot social inclusion program in the farming municipality of Bungo, located in the Northern Province of Uige in Angola.

As part of this initiative, the FSDEA aims to empower this local farming community by investing in sustainable income generation schemes, designed to enable rural families to access the formal education system, markets for agriculture produce and micro-credit facilities.

So far, the FSDEA has supported a civil identification process to help enable the local population to gain access to public services in their community. As a result, up to 5,000 people in Bungo will have access to birth certificates, ID cards and other forms of identification, which will help them to secure free education, healthcare, and bank services and other economic and social benefits widely accessible to citizens living in suburban communities. In addition, the Fund has boosted farm productivity and income and nutrition levels by reinforcing sustainable agricultural production. This initiative encompasses the development of agriculture value chains and the creation of 15 micro and small enterprises in Bungo. It may positively impact more than 3,000 families once it is fully deployed.

A large portion of Angola’s population is dependent on agriculture for their livelihood, however the country’s agriculture industry is faced with serious challenges. Despite this situation, the industry is widely regarded as a catalyst for economic acceleration. The Fund, therefore, believes that it is imperative to foster the spirit of entrepreneurship in this high growth sector – promoting “Agripreneurship” – to boost employment and economic development.

Kamba Dyami – One Laptop Per Child Program

The “One Laptop per Child” program is a multi-year project, which encourages computer-based learning across schools in the most economically vulnerable areas of Angola. The programme, launched in 2011, has already been implemented in two Schools administered by the Salesian Mission in Angola. FSDEA intends to expand this existing initiative to further rural and pripheral areas of the capital cities of Angola.

From late 2013 to 2015, 1,200 laptops will be purchased, and 2,400 more children will benefit from computer-based learning. The focus will also be on capacity building, which inlcudes curricular updates and continuous training of teachers, who can help develop and further promote computer based learning.

The FSDEA is committed to closely work with the One Laptop Per Child Program and the Dom Bosco Schools Salesian administration to scale up this project, in order to include more schools, more children and more teachers to this program in the future.

The FSDEA continues to identify projects that will form its Social Charter and shall provide further updates in the near future.