The formation of a formalized fund was first announced by Angola's President Jose Eduardo dos Santos.

CNN: Oil-rich Angola bids to secure future with $5bn wealth fund

Jose Eduardo dos Santos has been president since 1979, four years after the country gained its independence from Portugal.

FORBES: Isabel Dos Santos, Daughter Of Angola's President, Is Africa's First Woman Billionaire

President Jose Eduardo dos Santos says the government is waiting for positive signs from Unita before it agrees to a ceasefire.

BBC: Angola rebels demand death probe

The win means a new term for President Jose Eduardo dos Santos, who has held power since 1979, the state-run Angola News Agency reported.

CNN: Angola's ruling party declared election winner

Even as Angola goes to the polls later this week, President Jose Eduardo Dos Santos will have reached 70 and still going, as if there can never be an alternative.

BBC: African viewpoint: Death on the continent

Over the past few years Isabel dos Santos, the oldest daughter of Angolan President Jose Eduardo Dos Santos, has been buying more shares of publicly traded companies in Portugal, including shares in a bank and a cable TV company.

FORBES: Isabel Dos Santos, Daughter Of Angola's President, Is Africa's First Woman Billionaire

Angolan president Jose Eduardo dos Santos issued a rallying call in his speech to mark the official opening of the competition, which was attended by several heads of state, including South Africa's Jakob Zuma whose country hosts the World Cup finals later this year.

CNN: Mali deny Angola with stunning comeback