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.
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Condor is shipping 37 containers of electronics and appliances to six markets, entering Mali for the first time as a gateway to the Sahel.
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.
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.
The facility, set to be built in Bordj Bou Arreridj, about 240 km east of Algiers, will require a $200 million investment.
The sale is a strategic move to refocus the company on its core operations.