New facility to produce 2 million smartphones annually, increasing local production and reducing import reliance.
Algerian businessman
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- North Africa
Led by Algerian mogul Abderrahmane Benhamadi, Condor secures new partnership with Candy
Condor emphasized that the collaboration will enable them to diversify their product range with appliances that meet international standards, produced locally.Â
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The sale is a strategic move to refocus the company on its core operations.
- Hot News
Algeria’s richest man Issad Rebrab moves to shut down French-speaking press company, Liberte
Rebrab is the founder and owner of Cevital, the country’s leading private group.
- Hot News
Algerian tycoon Ali Haddad, others forfeit assets worth $4.2 billion to gov’t in one month
Earlier, Haddad and other businessmen were sentenced to lengthy prison sentences in corruption trials.