On the occasion, the president of the Caixa's Board of Directors (PCA), Evanerson Varo Kaputu, said "the administrative conditions have been created for the effective start of activities".
"Promoting social solidarity, the sustainable development of members and their families, ensuring special and complementary social protection for them, are some of the purposes", said the PCA, cited in a statement from the Ministry of Mineral Resources, Oil and Gas, to which the VerAngola had access.
"The moment is difficult, but we are challenged to be resilient and continue to make diamonds improve the quality of life of our population", considered Diamantino Azevedo.
On the occasion, the minister also "asked that companies return to the community and to those who have served the companies for years, all the sacrifice they made and contribute so that, after this period of work, they can have additional resources for an easier retirement", says the statement.
According to Maria Lima, executive director of Catoca, the mutual sector works based on solidarity, where workers contribute discounts to guarantee their protection in retirement.
The person responsible, in statements to the press cited by Angop, said that the procedure aims to finance profitable initiatives for the association, enabling the provision of goods and services to members and their families.
According to Maria Lima, the discount is around five percent and each employee can join a benefits package that includes residence, scholarships for children and a pension fund that will be received after retirement.
"It is necessary to create businesses and protect money so that it can be used in the future", she added.
According to Angop, Caixa Social de Catoca has an investment of around two billion kwanzas.
The inauguration ceremony, according to the secretariat's note, was attended by the PCA of Endiama, Ganga Júnior, the Catoca Management Council, as well as representatives from other bodies in the diamond sector.