Algerian billionaire Abderrahmane Benhamadi's Condor breaks into Mali with 37 containers
Condor is shipping 37 containers of electronics and appliances to six markets, entering Mali for the first time as a gateway to the Sahel.
Algeria
Money-laundering case over jailed Algerian tycoon Mahieddine Tahkout's funds delayed to August 31
An Algerian court has postponed to August 31 a money-laundering case centered on funds belonging to jailed tycoon Mahieddine Tahkout, with four private investors accused.
Algeria's wealthy Benhamadi family is now shipping air conditioners to Europe, with 250,000 units ordered
Condor, owned by Algeria's Benhamadi family, has sent its first air conditioners to Europe and holds export orders for more than 250,000 units.
Turkish billionaire Fuat Tosyalı's Algerian cold rolling mill produces its first steel
Fuat Tosyalı's Algerian subsidiary has rolled its first cold-rolled steel at Béthioua, completing the largest Turkish industrial investment outside Turkey.
Algeria's prosecutors demand 16 more years in prison for jailed auto mogul Mahieddine Tahkout over Swiss fortune
Algeria's prosecutors demanded a fresh 16-year prison sentence for jailed Cima Motors mogul Mahieddine Tahkout over €1.17 billion allegedly hidden in Swiss bank accounts and French property.
Algeria's jailed tycoon Mahieddine Tahkout faces new trial over a billion-euro fortune hidden in Switzerland and France
Jailed Algerian automobile tycoon Mahieddine Tahkout appeared before Algeria's financial crimes tribunal over new charges of money laundering and over a billion euros in assets hidden in Switzerland and France.
Algeria is trying to sell jailed tycoon Ali Haddad's Barcelona hotel but a mystery contract is blocking the deal
Algeria is attempting to sell a Barcelona hotel belonging to jailed billionaire Ali Haddad, but a pre-existing contract is blocking the transaction, French-language reporting confirms.
Algerian tycoon Mahieddine Tahkout faces fresh corruption allegations over billions in diverted funds and international money laundering
Algerian businessman Mahieddine Tahkout faces fresh corruption allegations over diverted funds and international money laundering in a widening legal case.
Turkish billionaire Fuat Tosyali pushes Algeria steel complex to 8 million tons with new cold rolling mill
Tosyalı Algérie will launch a 1.4-million-ton cold rolling steel mill in Béthioua between August and September 2026, targeting high-value flat steel products.
Abderrahmane Benhamadi, one of Algeria’s richest, to build Africa’s biggest AC plant
The facility, set to be built in Bordj Bou Arreridj, about 240 km east of Algiers, will require a $200 million investment.
10 Algerian businessmen you should know
These visionaries are transforming industries like steel, cement, and petrochemicals, while also embracing technological innovations to open new doors for growth.
Algerian-born French entrepreneur Sue Nabi makes $20.6 million in six days
The wealthy executive remains a top figure in the dynamic beauty sector and stands as one of the richest African-born executives globally.
Algerian-born French entrepreneur Sue Nabi earns $149 million from Coty in 2023
Nabi’s extraordinary leadership not only secured her a substantial $149.43-million compensation but also solidified Coty’s standing as a global powerhouse in fragrance.
10 companies owned by Algeria’s richest man Issad Rebrab
Billionaires.Africa has documented companies and holdings owned by Rebrab — revealing the expansive breadth and scale of his business empire.