Ver Angola

Trade

Advances privatization of Kero. Open tender to deliver supermarket management

The government will open a public tender for the management of the Kero hypermarket and supermarket network, whose share capital is 90 percent owned by the state, says a presidential order made public this Monday.

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The retail chain was owned by Generals Hélder Vieira Dias 'Kopelipa' and Leopoldino Fragoso do Nascimento 'Dino', members of the Presidency of the Republic, at the time of former President José Eduardo dos Santos and former Vice President Manuel Vicente.

Presidential Order 89/21, of June 11, published in Diário da República, states that the tender is open considering that the State now holds 90 percent of the share capital of Grupo Zahara Comércio SA, which thus became part of the public business sector, as a public domain company.

In this regard, the President approved the transfer of the management rights of the Kero hyper and supermarket network, delegating to the Ministers of Finance and Industry and Commerce the conduct and verification of the legality of all acts inherent to the public tender procedure.

In October 2020, the Attorney General's Office announced that after having constituted defendants, the generals proceeded to hand over to the State several assets, including the Kero retail chain.

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