Algerian billionaire Issad Rebrab's Cevital launches $600 million Sugar Beet project

Billionaires Africa | 08.05.2026 06:15
Algeria's largest private conglomerate has placed a $600 million bet on ending the country's dependence on imported sugar, launching a combined sugar beet farming and refining project in the Ghardaïa region of the northern Sahara that is expected to create 5,000 jobs at full capacity.