Alba Foods of Nicaragua

Albalinisa is a Venezuelan – Nicaraguan joint venture in the frame of the ALBA treaty, with growing food exports to Venezuela.

Tuesday, January 25, 2011

The creation of Alba Foods Nicaragua (Albalinisa) was funded by a $ 880 000 loan approved by the National Assembly of Venezuela in late 2008. The Nicaraguan press links Albalinisa and its directors to Albanisa, the company which manages the supply of Venezuelan oil to Nicaragua.

The article by Moises Martinez and Gisella Canales Ewest in Laprensa.com.ni notes that two years after its creation Albalinisa has a monopoly on exports to Venezuela, the only intermediary authorized by the government of President Daniel Ortega to do business with the government of that nation. The South American country is the second most important destination for Nicaraguan exports, reaching $ 248 million annually.

The main product exported by Albalinisa from Nicaragua to Venezuela is beef, which records a total of more than $ 80 million annually.

Private businessmen are satisfied with the performance of Albalinisa in exporting to Venezuela, mainly because "they pay well.”



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More on this topic

Albalinisa’s Exports Grow

June 2011

Exports to Venezuela by the conglomerate Albanisa exceeded $250 million in 2010.

Under the slogan "Fair Trade with Nicaragua," the conglomerate, Alba Alimentos de Nicaragua (Albalinisa), which is funded with Venezuelan capital, managed to export from Nicaragua to South American a variety of products, including meat, milk, soybean oil, among others, totalling $252 million exported in 2010.

Nicaraguan Exports to Venezuela

July 2010

There are concerns that the trade partners are constructing a commercial “house of cards” built on shaky foundations made of political rhetoric.

During Daniel Ortega’s government exports from Nicaragua to Venezuela have increased from $2m to $119m. The figure for 2010 will likely be double the latter. The main products exported are beans, meat and livestock.

Nicaraguan Businesses Insist on FTA with Venezuela

July 2010

The Nicaraguan Superior Council of Private Enterprise (COSEP) highlights the importance of reaching a commercial agreement to give “certainty” to markets.

Venezuela has become the second largest destination for Nicaraguan exports, beaten only by the USA. Exports surpassed $2 million in 2006 and are at $127.2 million for the first six months of this year.

"Alba de Nicaragua" Public Limited Corporation

September 2009

ALBANISA is a group of companies with activities and interests in many sectors of Nicaragua's economy.

It is a mixed private company, 49% owned by Nicaraguan state petrol company "Petróleos de Nicaragua" (Petronic), while the remaining 51% is owned by its Venezuelan counterpart, "Petróleos de Venezuela" (PDVSA). It was created in 2007, as a result of Nicaragua's entry to ALBA, the Bolivarian Alliance for the Americas.

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