Algerian tycoon Abderrahmane Benhamadi’s Condor enters Egyptian market under $1 billion expansion plan
Algerian Condor Group launches in Egypt, setting up local production of TVs, appliances, and air conditioners.
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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.
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.
Rebrab is the founder and owner of Cevital, the country’s leading private group.
Earlier, Haddad and other businessmen were sentenced to lengthy prison sentences in corruption trials.