Rebrab prospects African countries
President Cevital Issad Rebrab, said he wanted to invest in several sectors in African countries, such as agriculture, fisheries and food. To do this, he made exploratory visits to Sudan, Ethiopia, Kenya, Tanzania and Côte d'Ivoire.
All these countries are seeking investment in agriculture and food, found the owner of the first private Algerian group. Rebrab wants to give an international dimension to the group by initiating projects in other countries of the continent. Cevital boss said projects have been proposed, including in agriculture and agribusiness, as well as the countries visited him offered plots of land to grow large, with hundreds of thousands of hectares. He pointed out also that in these countries, he wants to plant and grow rice, wheat, maize, sugar beet, sugar cane, soybeans, sunflower and pulses. He also wants to invest in fisheries in Djibouti, where he insisted he was received by President of the Republic. "We have not stopped the amounts we plan to invest in these countries. Today we're exploring, to feasibility studies for agricultural projects and the achievement of sweets, crushing units oilseeds, animal feed production, "says Rebrab, with on external financing to internationalize its affiliates. "We made tie with the World Bank and the African Development Bank (AfDB), which are very sensitive to the global food crisis to finance our projects," he said. He, however, held to note that he did not need to transfer funds from Algeria to realize its investments in Africa. "We have enough credibility and expertise, where foreign banks are willing to accompany us. We can invest abroad, in partnership with local and international banks such as the ADB and IFC, "he explained. Pioneer in entrepreneurship in Algeria, the boss of Cevital projects into the future to position itself in a key sector for global food security, the main economic challenge of the twenty-first century. "To ensure food security in some countries of Africa and our country, we have a responsibility to invest in the agricultural industry," said Mr. Rebrab in a statement e-TSA website. The impact of a global food crisis is inevitable because of the increase in world population and living standards of large countries such as China, India, Brazil and Mexico. The global food crisis is a threat to Algeria, which imports most of its food from abroad, says Rebrab. Food bill of Algeria exceeds five billion dollars per year. "If drought in grain-producing countries - and we lived in 2007-2008, when Russia and Vietnam had decided not to export their wheat and rice - each country set aside its production for its population "said Mr. Rebrab, before warning that" even with the money, we may not be able to buy
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