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Elsewedy Electric, controlled by the Egytian billionaire El-Swedy family, is part of a new Algerian-Egyptian industrial consortium that is targeting investment opportunities in Cameroon's energy and industrial sectors, according to reporting by News du Camer published on May 26.
The consortium is at a formation stage, with discussions underway around potential entry points in Cameroon's industrial and energy landscape. The specific sectors and investment quantum have not been publicly disclosed, but the North and Central African framing of the initiative is consistent with Elsewedy Electric's established strategy of building regional industrial corridors that link North African manufacturing and engineering expertise with Sub-Saharan African market demand.
The move is part of a broader Algerian-Egyptian economic alignment that has been developing over the past 18 months. In September 2025, Elsewedy Electric signed a $2.5 billion framework agreement with Algeria's Investment Promotion Agency covering industrial complexes, electrical industries and renewable energy projects, describing the commitment as five times the company's existing Algerian investments. That agreement, signed at the Intra-African Trade Fair in Algiers, established Elsewedy's most significant North African industrial commitment outside Egypt.
The extension of that logic into Cameroon creates a cross-continental corridor: Egyptian engineering and manufacturing capacity, Algerian industrial partnership, and Central African market access through one of sub-Saharan Africa's larger economies. Cameroon has been actively courting industrial investment since the 2023 political transition in neighbouring countries disrupted regional trade flows, with the government under President Paul Biya positioning the country as a stable manufacturing and logistics hub for the Gulf of Guinea region.
Elsewedy Electric reported revenue growth of 51.49 percent in its most recent full-year results, with revenues rising from EGP 108.8 billion to EGP 164.82 billion. The company operates across cables, smart infrastructure, digital solutions and industrial development. Ahmed El Sewedy, who leads the company as president and CEO, has been one of the most active Egyptian industrialists in Africa over the past decade, consistently building partnerships with national governments that combine infrastructure delivery with technology transfer and localisation commitments.
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