Elsewedy Electric, the Egyptian industrial and energy solutions company controlled by the El-Sewedy family, has deepened its expansion across Africa after seven Egyptian investors signed agreements to establish manufacturing facilities in Tanzania, reinforcing the company’s strategy of building regional industrial hubs.

The agreements were signed at the Egyptian-Tanzanian Business and Investment Forum during Egyptian President Abdel Fattah El-Sisi’s state visit to Tanzania. The investors signed memoranda of understanding with Elsewedy Industrial Development to establish pharmaceutical, engineering, and food manufacturing facilities at Elsewedy Industrial City in Tanzania.

Elsewedy targets Africa’s industrial growth

Ahmed Elsewedy, president and chief executive officer of Elsewedy Electric, said the agreements represent more than new investment projects, describing them as part of a broader effort to strengthen industrial cooperation between Egypt and Tanzania.

“I’m honored to witness another important step in strengthening industrial cooperation between Egypt and Tanzania,” Elsewedy said. “These agreements aren’t only about investment, but they reflect a shared commitment to building industrial capacity, supporting local manufacturing, strengthening regional value chains, and creating sustainable economic opportunities.”

He added that Elsewedy Electric remains focused on developing integrated industrial ecosystems supported by partnerships, infrastructure and long-term investment to accelerate Africa’s industrial transformation.

Operations span 16 countries, 110 markets

Founded in 1938 after the Elsewedy family launched an electrical equipment trading business, Elsewedy Electric has evolved from a family-owned cable manufacturer into one of the region’s largest providers of integrated energy, digital and infrastructure solutions. The company operates across 15 countries in the Middle East, Africa and other markets.

The El-Sewedy family owns 68.1 percent of the company, with Ahmed Elsewedy holding a 25.52 percent stake. Under his leadership, the business has expanded beyond cable manufacturing into integrated energy solutions, operating more than 30 production facilities across 16 countries while serving customers in more than 110 nations.

Elsewedy has also emphasized strategic partnerships as part of the company’s diversification strategy, supporting projects spanning commercial real estate, hospitality, agriculture, food industries and industrial mobility, while contributing to Egypt’s broader infrastructure and economic development agenda.

Elsewedy deepens Africa expansion strategy

The Tanzania agreements come as Elsewedy Electric continues to pursue expansion opportunities across the continent. The company is part of a newly formed Algerian-Egyptian industrial consortium exploring investment opportunities in Cameroon’s energy and industrial sectors.

The consortium remains in its formation stage, with discussions focused on investment opportunities in Cameroon’s industrial and energy sectors. While the targeted sectors and investment size have not been disclosed, the initiative aligns with Elsewedy Electric’s strategy of linking North African manufacturing and engineering expertise with growing demand across Sub-Saharan Africa.

The planned expansion also reflects broader economic cooperation between Algeria and Egypt that has gathered pace over the past 18 months, as companies from both countries seek to expand industrial investment across the African continent.