Cevital plans to relaunch its automotive activities

Although the Covid-19 epidemic and anti-import measures have led to a gloomy economic situation for automotive distribution in Algeria, Cevital hopes to restart its activities in what was one of its favourite sectors until 2016.

20/05/2020 at 19h16, by Africa Business+

That year, when Issad Rebrab, the group’s founder, clashed with the political powers-that-be, Cevital lost several key relationships, including its contracts with Hyundai, which were taken over by Cima Motors for cars, and by Global Motors Industries (GMI) for lorries and buses.

Recommended articles

Industry

06/09/2023 at 05h57, by Africa Business+

Cevital: Malik Rebrab wants to restructure the group around two entities

Initiated by Issad Rebrab’s successor, the reorganisation is expected to help clarify the family-owned...

Automotive

16/05/2023 at 16h30, by Africa Business+

Automotive cables company Yura to boost sales in Tunisia to €25m by targeting Kia and Hyundai

Financed from its own resources, the new Tunisian plant of the Korean company specialising in cables...

Industry

21/07/2022 at 17h46, by Africa Business+

M Auto, distributor of electric motorbikes, prepares to raise $100 million

Following its launch in Togo and Benin in May, indian company M Auto plans to put 25,000 electric motorbikes...

Industry

23/02/2022 at 15h44, by Africa Business+

Backed by Ekuity Capital, Wallyscar aims to be profitable next year

The Tunisian car manufacturer owned by the Guiga brothers has commissioned its second factory with the...

Automobile manufacturing

02/11/2021 at 17h58, by Africa Business+

Dakar recruits South African consultancy for automobile strategy

The government of Senegal has chosen the South African consortium Coega/AIH Group to develop a national...

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : customer.care@africabusinessplus.com