AN AM­BI­TIOUS EN­GI­NEER

The Africa Report - - TOP 500 AFRICAN COMPANIES - A.L.

When Ahmed Elsewedy took over the management of fam­ily af­fairs in 1986, he al­ready knew the small trad­ing com­pany cre­ated by his fa­ther in 1938 by heart. Ap­pren­ticed dur­ing his stud­ies as an elec­tri­cal en­gi­neer at Cairo Univer­sity, he grad­u­ally rose through the ranks. That lu­cra­tive ca­ble busi­ness be­came Arab Ca­bles, the num­ber-one man­u­fac­turer in the sec­tor in Egypt. But this was not enough for the young Ahmed, who dreams of new mar­kets. In Zam­bia, Ghana and also in the Mid­dle East, he built sev­eral fac­to­ries. In about 10 years, the group grew from a sin­gle fac­tory to about 30 sites. Ahmed re­named the com­pany Elsewedy Elec­tric, and it joined the club of the world’s ma­jor ca­ble pro­duc­ers like Prys­mian and Nex­ans. He pushed the com­pany – listed on the stock ex­change in May 2006 – to op­er­ate along the en­tire elec­tric­ity chain, from production to en­ergy dis­tri­bu­tion. To­day, the multi­na­tional com­pany op­er­ates in seven sec­tors: ca­bles, elec­tri­cal prod­ucts, tele­coms, trans­form­ers, wind power, turnkey in­stal­la­tions (from en­gi­neer­ing to dis­tri­bu­tion) and en­ergy management so­lu­tions (smart grids). This glo­be­trot­ter chairs the Egyp­tian busi­ness coun­cils focused on China, Le­banon and Ethiopia.

Ahmed Elsewedy: a son with vi­sion

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