Angolan group Contidis, controlled by business owner Isabel dos Santos, plans to open the third hypermarket of the “Candando” network, which in the final phase of construction in Viana, near the capital, Santos said on Instagram.
This new “Candando” hypermarket will cover an area of 8,500 square metres of the “Power Center Viana” shopping centre, which has a covered area of 13,200 square metres, that is being built by portuguese group DST – Domingos da Silva.
The “Candando” network is headed up by Portugal’s Miguel Osório, a former Sonae CEO and project director, after the end of the Angolan businesswoman’s partnership with that Portuguese retail group.
The first “Candando” hypermarket, whose name is derived from the word in the Kimbundu language meaning “embrace”, opened in Luanda in May 2016 following an investment of US$40 million and promising to focus on domestic production.
The second store opened in April of this year, in Talatona, near Luanda, close to the first one.
When the first hypermarket opened, Osório announced the opening of ten “Candando” stores over the next five years, with a total investment of US$400 million. (macauhub)