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Abderrahmane Benhamadi's Condor Electronics has signed export agreements to supply Algerian-made electronics and home appliances to Rwanda and Tanzania under the AfCFTA framework.
Abderrahmane Benhamadi named his company after a Simon and Garfunkel song. That company is now Algeria's largest private corporation, with over $1 billion in annual revenue.
Algerian Condor Group launches in Egypt, setting up local production of TVs, appliances, and air conditioners.
Algerian tycoon Abderrahmane Benhamadi’s Condor secures $80 million trade deals across Africa, boosting exports and market presence.
The facility, set to be built in Bordj Bou Arreridj, about 240 km east of Algiers, will require a $200 million investment.
This move is part of Castel’s broader strategy to expand its presence across Africa, having already established itself in North, West, and Central Africa.
The sale is a strategic move to refocus the company on its core operations.