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Algeria
Cevital turns to oil exports to soften the blow from end of subsidies

Cevital's founder Issad Rebrab. © Ryad Kramdi/MaxPPP

The food giant set up by Issad Rebrab is worried about a historic contraction of the domestic market with the dismantling of subsidies planned by President Tebboune. As such the company is planning to increase its oil exports, in particular via its Geneva-based trading subsidiary. [...]

Published on 05/01/2022 at 06:00 GMT Reading time 3 minutes

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Commodity traders, Business

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Abdelaziz Bouteflika
Abdelmadjid Tebboune
Antei International
Bureau Veritas
Cargill
Cevital
Isla Mondial
Issad Rebrab
Leung Pui Yan
Maxime Lekimpe
Salim Rebrab
Skor International

Algeria
US fast-food chain KFC ready at last to launch in Algeria

The US group's plans to launch in Algeria have had to be postponed on several occasions, but the kick-off is now set for January 2023. The American giant hopes to partner with local producers.

Subscribers only Business 13.12.2022

Algeria
Bifa signs first licence agreement with US giant Mars

Algerian leader in the manufacture of biscuits, pastries and chocolates, Bifa Algeria, has acquired its first international licence from the US giant Mars.

Subscribers only Business 02.09.2022

Algeria
Cevital working to unblock its sugar exports

The agribusiness giant hopes this month to be able to resume its sugar exports, an annual $300m source of revenue that was banned in mid-March. Success would mean not having to close one of its two refineries in Bejaia.

Subscribers only Commodity traders, Business 17.05.2022

Algeria
Cevital cashes in on France's sunflower oil shortage

Issad Rebrab's conglomerate has obtained a waiver to ship 462 tonnes of cooking oil to France, despite Algeria's ban on exporting basic foodstuffs. It is taking advantage of the shortage on French shelves, caused by the war in Ukraine, to publicise its products and gain market share.

Subscribers only Commodity traders, Business 26.04.2022

Algeria
Sugar and oil exports ban puts Cevital on a sticky wicket

President Abdelmadjid Tebboune's ban on foodstuff exports directly threatens the interests of Algeria's largest private company, which as well as being a major sugar exporter, had plans to sell vegetable oil abroad.

Subscribers only Commodity traders, Business 28.03.2022

The Cevital group covers 80% of the oil needs of the Algerian market.

Algeria, Morocco
Morocco and Algeria hooked on Brazil's raw sugar

To satisfy the region's persistent sweet tooth despite the current surge in sugar prices, sugar producers Cosumar, from Morocco, and Algeria's Cevital, have little choice but to keep buying their supplies from Brazil, for which they rely on increasingly dominant heavyweights such as Sao Paulo's Raizen and Copersucar.

Subscribers only Commodity traders, Business 08.03.2022

Algeria
Smuggling aggravates cooking oil shortages

Cooking oil producers, Cevital in the lead, have more than enough supply, yet shortages are beginning to create political havoc. Confidential statistics show how border regions supply the black market in neighbouring countries.

Subscribers only Business 24.01.2022

Algeria
Rebrab clan focuses on real estate to bide time during downturn

Faced with the economic downturn, the heirs of Cevital founder Issad Rebrab have been busy investing in real estate. Last month, Omar Rebrab took over the general management of Cevid subsidiary Immobis, which he already presides.

Subscribers only Business 17.05.2021

Algeria
Dahmani ousts ex-minister Tamazirt from La Belle food oil plant as corruption charges mount up

The last Bouteflika-era minister of industry and former boss of the public holding company Agrodiv, Djamila Tamazirt, has left the board of COG La Belle just as she comes up for trial in two corruption cases.

Subscribers only Business 09.02.2021

Algeria
From cement works to malls, Malik Rebrab carves up Cevital family empire

Less than two years after taking over the helm of country's largest holding company Cevital, Malik Rebrab, one of Issad Rebrab's sons, is casting off several key projects that have been blocked by his father's long-standing disputes with the government.

Subscribers only Business 01.02.2021

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Abdelaziz Bouteflika
Abdelmadjid Tebboune
Antei International
Bureau Veritas
Cargill
Cevital
Isla Mondial
Issad Rebrab
Leung Pui Yan
Maxime Lekimpe
Salim Rebrab
Skor International

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Algeria
Cevital turns to oil exports to soften the blow from end of subsidies

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Indigo Publications' websites

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Algeria Cevital turns to oil exports to soften the blow from end of subsidies

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Algeria US fast-food chain KFC ready at last to launch in Algeria

Algeria Bifa signs first licence agreement with US giant Mars

Algeria Cevital working to unblock its sugar exports

Algeria Cevital cashes in on France's sunflower oil shortage

Algeria Sugar and oil exports ban puts Cevital on a sticky wicket

Algeria, Morocco Morocco and Algeria hooked on Brazil's raw sugar

Algeria Smuggling aggravates cooking oil shortages

Algeria Rebrab clan focuses on real estate to bide time during downturn

Algeria Dahmani ousts ex-minister Tamazirt from La Belle food oil plant as corruption charges mount up

Algeria From cement works to malls, Malik Rebrab carves up Cevital family empire

Algeria Chengriha brings generals into the fold with Tebboune still out of action

Algeria Berrahal clan bestows keys to sugar empire to two former Natixis execs

Algeria Rebrab's sons prime Cevital for return to major construction contracts

Algeria FLN deputy Abdelmalek Sahraoui continues to plough his furrow in Adrar

Algeria Youcef Arbaoui in driving seat as Global Motors stalls

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Algeria
Cevital turns to oil exports to soften the blow from end of subsidies

Algeria
US fast-food chain KFC ready at last to launch in Algeria

Algeria
Bifa signs first licence agreement with US giant Mars

Algeria
Cevital working to unblock its sugar exports

Algeria
Cevital cashes in on France's sunflower oil shortage

Algeria
Sugar and oil exports ban puts Cevital on a sticky wicket

Algeria, Morocco
Morocco and Algeria hooked on Brazil's raw sugar

Algeria
Smuggling aggravates cooking oil shortages

Algeria
Rebrab clan focuses on real estate to bide time during downturn

Algeria
Dahmani ousts ex-minister Tamazirt from La Belle food oil plant as corruption charges mount up

Algeria
From cement works to malls, Malik Rebrab carves up Cevital family empire

Algeria
Chengriha brings generals into the fold with Tebboune still out of action

Algeria
Berrahal clan bestows keys to sugar empire to two former Natixis execs

Algeria
Rebrab's sons prime Cevital for return to major construction contracts

Algeria
FLN deputy Abdelmalek Sahraoui continues to plough his furrow in Adrar

Algeria
Youcef Arbaoui in driving seat as Global Motors stalls