The Angola Sovereign Fund (FSA) announced that it plans to invest in setting up an academy for training in the hotel business, in Benguela, which should start operating at the end of 2015.
The President of the Board of Directors of the FSA, José Filomeno dos Santos said, as he launched the project in the city on the south coast of Angola, that the Angolan Hospitality Management Academy would be partnered by Lausanne Hospitality Consulting (LHC) and Ecole Hoteliere of Lausanne (EHL).
Filomeno dos Santos said the academy, which will be installed in an area 18,000 square metres, over three years will train staff in the areas of management, food operations and catering.
The chairman of the FSA, according to Angolan news agency Angop, said that at the end of the first five years of operation, a bachelor’s degree will be created to give graduates knowledge in areas of finance and management in order to manage hotel projects.
The Sovereign Fund is an institution of the Angolan state, dedicated to management of public reserves through investments in various sectors to generate additional revenue for the state as well as to improve the quality of life of Angolan nationals.