Angola: Trade Ministry Hands Over Poupa Lá Shop to Private Management

Luanda — The minister of Commerce, Rosa Pacavira, handed over last Saturday the Poupa Lá supermarket of Camama commune, in Luanda Province, to the management of the "Varejão Sim" network, in the ambit of public and private partnerships agreements, which foresees 35 per cent stake for the State and 65% for a private investor.

Speaking to journalists, Rosa Pacavira affirmed that in the ambit of a contract of handing over the first shop of the " Poupa Lá" network it has been decided that 30% of the products to be sold in the supermarket must be from national production.

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