date:Sep 13, 2013
Portugal's biggest retailer Sonae plans to open five food hypermarkets in Angola in partnership with Isabel dos Santos, the daughter of the country's president, with the first scheduled for 2015, a company board member said on Thursday.
Foreign players are investing in Angola's retail market to take advantage of an oil-backed consumption boom in the country, which is Africa's No.2 crude producer after Nigeria. The Angolan economy is set to expand 7.1 percent this year.
South Africa's Shoprite,