Angolan group invests US$60 million in the largest shopping centre in Angola

12 April 2017

Angolan group Cochan has invested over US$60 million in the construction of the largest shopping centre in Angola, the recently opened Xyami Shopping Kilamba, according to a statement sent to Macauhub by the group.


The Kilamba shopping centre is the fifth in the Xyami Shopping network, and is located in a town on the outskirts of Luanda built using a Chinese credit line. It has a gross area of ​​27,000 square metres, of which 80% is open commercial spaces, 65 shops, six cinemas and an outdoor car park for 1,100 vehicles.


The managing director of real estate company Zahara Imobiliária, Duarte Cruz, said at the time that this new shopping centre will cover a lack of leisure, culture and retail opportunities in Luanda, “and is a space for all age groups.”


Zahara Imobiliária is a subsidiary of the Zahara group, of which the Cochan group is the main shareholder.


The Zahara group, which is 100% Angolan, operates in several business areas such as hypermarkets (Zahara Comércio), supermarkets (Nosso Super), distribution, logistics, agriculture and services (Polida, Kuida, Protech, Muv), real estate (Xyami and Cinemax) and industry (Pangolé), has about 10,000 workers and a turnover of more than 150 billion kwanzas. (macauhub)