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Algeria attacking the African market.
Algeria continues to conclude commercial partnerships with several African countries, thus concretizing the strategy of diversifying exports outside hydrocarbon advocated by the public authorities. This time, this is the telecommunications sector, which concluded two partnerships totaling $ 780 million. Two million electronic payment terminals (TPE) locally produced, of a value exceeding 300 million dollars, will be exported to Nigeria, thanks to the signing, this Sunday, of an agreement between the Algerian Industry of telephony (Inatel) with a Nigerian operator.
Supervising the signing of this agreement, the Minister of La Poste and Telecommunications, Sid-Ali Zerrouki underlined the importance of this partnership, claiming that this achievement “is part of the orientations of the President of the Republic, Abdelmadjid Tebboune, aimed at promoting national production”, but also intervenes, he added, in synergy with the orientation of the Head of the State to develop trade exchanges intra-Africans.
“The signing of this Convention by Inatel and its Chinese partner With the Nigerian operator aiming at the export of 2 million TPEs, of a value exceeding $ 300 million, is of great importance. This is the first phase, ”said the minister. “This partnership will enter its second phase next year, with the supply to our Nigerian client of no less than 5 million units of this equipment,” said Zerrouki in his press statement, after the signing of this partnership, pointing out An “honorable” integration rate, estimated at no less than 60 %.
” We are Proud to have competent Algerian resource, capable of taking up the challenges, with competitive production, “said Zerrouki, who expressed his satisfaction to see Inate concretizing this agreement. “It’s a feat,” he said, reporting the enormous potential offered by the African continent market.
For his part, the director general of Inatel, Hichem Tebira, stressed the importance of this partnership, which represents a “first presence” of this equipment manufactured in Algeria on the African market. Specializing in the production of electronic equipment, including VSEs and modems, this Algerian economic enterprise, which has four modern production lines, aims to double its production capacities with regard to VSEs mainly. “4,000 units are produced per day currently and we aim to reach 8,000 units,” said the first in charge of Inatel.
Strategic partnership to cover the ECOWAS market
Algerian electrical equipment will also be marketed on the African market, mainly that of West Africa. A strategic industrial and commercial partnership was also signed yesterday between the Algerian industrial group GISB Electric, leader in the manufacture and marketing of electrical products, located in the wilaya of Mostaganem, and the Senegalese distributor of electrical equipment, Sogelux, which has more than 30 years of experience in the matter, which activates in Senegal and in Côte-d’Ivoire.
With a value of $ 480 million, and for a period of three years, this partnership aims to marke this electrical equipment, the objective being to meet the needs of the Economic Community of West African States (ECOWAS) by Algerian products. This initiative should expand by the marketing of this equipment to 14 African countries, thus reflecting the common desire to build an extended African partnership.
While emphasizing the importance of this partnership, which makes it possible to penetrate the market of West Africa, the CEO of Gisb Electric, Djilali Koubibi Bachir, spoke of “the enormous need” of these equipment at this region. Saying that the Senegalese market is a strategic door to West Africa, it has said that this market expresses an immediate need for almost $ 3 to 4 million importing electrical equipment.