British Formula One team Williams announced Saturday it will set up its first charitable foundation in Angola, the host for the 2010 Africa Cup of Nations (CAN) football tournament. Williams plans to support projects in education, energy-efficiency and road safety and the preparation for the CAN which kicks off in January, according to a statement on the team's official website. The Williams Foundation will be run in partnership with Angolan-based private investment and real estate company Ridge Solutions, and work closely with the Ministry of Sport, the CAN organising committee (COCAN2010) and Fundo LWINI, a charity of the wife of Angolas president Jose Eduardo dos Santos. From this weekend, the Williams race cars will bear the logos of Fundo LWINI and COCAN2010 for the remainder of the season. Angola, which has been ruled by Dos Santos for three decades, was devastated by 27 years of civil war which only ended in 2002 leaving a damning legacy of disease, poverty and landmines. Now Africas largest oil producer and the worlds fifth biggest diamond exporter, Angola is in a process of reconstruction, but two thirds of people continue to live on less than two US dollars a day and one in six children die before their fifth birthday. Williams Chief Executive, Adam Parr, said: 'Angola is a wonderful country which has a strong programme of social and economic development following many difficult years. 'Road safety and education are important challenges for the people of Angola and we are pleased to be able to provide assistance in these areas. 'Motor sports offer opportunities for the country to develop both on the sporting front and economically and Williams are proud to be a part of the endeavour.' Sixteen African teams are competing in the CAN which starts on January 10. 