Elsewedy Electric is in the process of making Tanzania as its main hub for the production of some of its main products including transformers and electric cables.
Speaking at the factory during the permanent secretary for Investment visit, the Managing Director of Elsewedy Electric Tanzania Eng. Ibrahim Qamer said, “we are committed to ensure Tanzania feeds the markets which has for years been served by Elsewedy Egypt including South Africa, Kenya, DRC, Rwanda, Burundi and many more,”
The permanent secretary for Investment Dr. Tausi Kida during the visit commended Elsewedy Electric for the state of the art factory which she said has so far invested over $40 millionand will invest above $60 million dollars once the project is complete.
“Elsewedy Electric project was a result of the President Samia’s initiatives who visited Egypt in 2021 and encouraged Elsewedy Group to establish a factory in Tanzania and the commissioning of the project began in December 2021 and to date the factory is planning to expand by establishing an Industrial Park which will accommodate over 100 factories to invest in the country”. Said Dr. Kida.
The production of transformers, aluminium and copper cables has created over 400 jobs where 35 of them were taken to Egypt for capacity building to ensure they perform at the required level.
Before these products were manufactured in Egypt but currently, they are manufactured here in Kigamboni a move that would enhance foreign currency for Tanzania.
In another move Dr. Kida advised Elsewedy to fast track the process for the industrial park investment in Kikongo Mlandizi where the government has allocated land for their project.