Finance

Algeria: Tahkout to start assembling Suzuki cars starting from May 2018

Friday, 08 December 2017 12:41

After having started assembling Hyundai cars in 2016, the Tahkout group is now getting ready to start assembling Suzuki cars, starting from May 2018, in Saïda, Algeria.

The development of the related assembly unit and its equipping will be completed before the end of the year, a statement indicates. This infrastructure will produce 10,000 cars per year, a capacity that the firm aims to increase in order to achieve a capacity of 100,000 vehicles per year in the next five years.

Two types of vehicles of the brand will be produced at the facility; those are the Suzuki Alto and the Suzuki Swift. Their commercialization is expected to begin in the second half of 2018. 

This investment project by the Tahkout group will generate 400 jobs, for an initial cost of $450 million. 40% of these will be mobilized on own funds. Moreover, besides assembling cars, the group plans to later make engines and gearboxes for the cars it produces at the factory.

On the same topic
Client portfolio slipped 0.4% in Q3, but remains up 10.4% year to date Equity, deposits, and lending all posted solid growth Sector remains...
CCI-Togo plans a dedicated investment fund for start-ups from 2026 Digital, agro-industry, crafts, and services are among the target...
Togo’s outstanding debt on UMOA-Titres fell to CFA1,810.5 billion in 2025 The country raised CFA411 billion, down from 2024 levels Strategy...
BGFIBank Gabon accounted for 71.29% of all new bank credit in Gabon in the first quarter of 2025. No other bank operating in Gabon exceeded a 10%...
Most Read
01

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
02

Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...

Microfinance: Deposits in Togo Rise 2.7% in Second Quarter of 2025
03

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
04

Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...

Tether and UNODC Launch Digital Asset Cybersecurity Initiative in Africa
05

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.