Cevital will not launch crushing plant before end of 2023
During his inspection of Cevital's new oilseed crushing plant in Bejaia on 16 March, the now former Minister of Industry Ahmed Zeghdar announced that production would begin in late April.
The Algerian authorities on 15 August sealed shut the oilseed crushing plant built by the Cevital group in Béjaïa, and whose launch was initially planned for the end of 2022. They did so on the grounds that the project had not received all the required authorisations.
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.
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.
Army chief of staff Chengriha wants to bring back retired senior officers banned by his predecessor Ahmed Gaïd Salah and nip in the bud any dissent within the ranks arising from President Abdelmadjid Tebboune's prolonged absence.