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An important investment contract was signed this Tuesday between the public group of the agrifood and logistics “AGRolog” and the Ugandan company Abassi Group, for the transformation of coffee and cocoa. For an amount of $ 200 million, this project aims to meet local Algerian demand and to guide export surplus. The signature ceremony, which has encompassed other conventions and contracts between Algerian and African operators, was chaired by the Minister of Foreign Trade and the Promotion of Exports, Kamel Rezig, in the presence of the President of the Algerian Economic Renewal Council (CREA) Kamel Moula.
On the occasion of the signing between the Ugandan company and the Algerian public group, the president and chief executive officer Agrolog, Mohamed Betraoui, wanted to report the importance of this investment project which aims to meet local demand and to place the excess in the international market.
“The transformation capacities are 60,000 tonnes per year, while the needs of Algeria in this area do not exceed 20,000 tonnes,” said the CEO of Agrolog. For its part, the Ugandan operator, specializing in the production and processing of coffee and cocoa, Abassi Group, will bring back its equipment and the raw material, with a view to the transformed into Algeria, in powder and cocoa paste, in addition to the transformation of coffee, according to the details of the first official of Agrolog.
AQS exports the equivalent of $ 420 million
Already present in Africa, the Algerian Qatari Steel (AQS), strengthens its presence on the African market with the export of the equivalent of $ 420 million in products. The first contract concerns the export of 195,624 million dollars to the countries of West Africa. A second partnership is concluded with the Libyan operator “El Nadjah” for the export of the equivalent of $ 98,280 million, in addition to a contract of $ 5 million with the same operator, whose first cargoes will be carried out this month of September to Nigeria. A partnership worth $ 121 million was also signed.
According to the vice-president of AQS, Sofiane Chaib, it is the IATF 2025 which opened new markets for the company on the African continent which is a very competitive market. Other partnership contracts must be signed, according to the details of this official. AQS also signed with the Shelter Africa bank for an amount of $ 1.2 billion.
The Holding ACS sign 10 conventions
Holding Algeria Chemical Specialities (ACS) signed ten conventions with four African partners, namely Guinea, Mauritania, Tunisia and Senegal. Totating a start -up amount of $ 15 million, having to be reached in the medium -term $ 40 billion, these commercial contracts concern the export of several products from different subsidiaries of the group, according to the explanation of its CEO, Samir Yehyaoui, signaling the ambition to penetrate African markets.
Several other signed contracts
The Algerian company specializing in electronics and household appliances, giant Electronics,, for its part, concluded several commercial contracts worth $ 11 million. This is the export of electronic equipment to Tanzania ($ 5 million), Niger ($ 5 million) and Zimbabwe (a million dollar).
The Algerian Maritime Transport Group (GATMA), for its part, signed with a Mauritanian operator aimed at the transport of the equivalent of 50,000 tonnes of cement worth $ 6 million.
The company specializing in the manufacture of shoes, Arisshoes, will also export the equivalent of $ 5 million to Tanzania and Zimbabwe. Export contracts for medical equipment to Burkina Faso were also signed yesterday by private operators.
An understanding protocol has also been signed, the day before yesterday, between the Sonatrach group and the national petroleum Kenyan (NOC), for the supply of the Kenyan market with liquefied oil gas (GPL) and petroleum products, in addition to the realization of joint projects in the field of exploration and production of hydrocarbons.