Angola launches $ 5bn Sovereign Wealth Fund to decrease future reliance on oil revenues . Angola officials held in oil stakes . Angola is Africa 's second largest exporter of oil -- more than ninety percent of the country 's revenue comes from oil production . The government has been struggling with a budget deficit for years, and it needs money now because its debt payments are due in 2018. In an exclusive interview , President 's son tells CNN that fund will be transparent and independently audited .
Angola launches $ 5bn Sovereign Wealth Fund to decrease future reliance on oil revenues . Angola is Africa 's second largest exporter of oil -- more than ninety percent of the country 's revenue comes from oil production . The government has been struggling with a budget deficit for years, and it needs money now because its debt payments are due in 2018. In an exclusive interview , President 's son tells CNN that fund will be transparent and independently audited .