Dutko Grayling is handling U.S. PR duties for Angola's $5B sovereign wealth fund, which was created in 2012, to funnel proceeds of the African nation’s oil wealth into healthcare and infrastructure development.

SWFAngola is Africa's No. 2 oil producer after Nigeria, which has $1B in its recently created SWF. Angola trails diamond-rich Botswana's $7B SWF as the biggest hoard of investment cash in sub-Sahara Africa.

Deutsche Bank this month praised Fundo Soberano de Angola as a SWF that "if well managed" can guarantee solid foundational investments in the country’s infrastructure, agriculture and tourism sectors. It noted that FSA is managed by one of the sons of Angola's president Joe Eduardo Dos Santos, adding that inefficiency and corruption have been endemic among management of SWFs.

Dutko Grayling is to handle media relations and arrange stakeholder meeting with key targeted organizations and investors. It works under a subcontract with Grayling's outlet in Dubai. 

The Investment Corp. of Dubai SWF has $70B under management.