Tag: El Sewedy Electric

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Egyptian businessman Ahmed El-Sewedy’s firm to build industrial zone in Egypt’s new city

El Sewedy Electric is a multinational cable and electrical equipment manufacturer.

Egyptian tycoon Ahmed El Sewedy’s electric company denies arranging $254-million credit facility

El Sewedy Electric is one of the leading players in Egypt's electrical equipment manufacturing industry.

Egyptian tycoon Ahmed El Sewedy-led El Sewedy Electric to secure $102.5-million credit facilities from seven banks

The announcement follows the receipt of a $150-million loan from the International Finance Corporation.

Egyptian tycoon Ahmed El Sewedy’s electric company signs $21.5-million contract with EIPICO

The contract for the construction of EIPICO Factory 3 was signed through Rowad Modern Engineering.

Egyptian tycoon Ahmed El Sewedy’s electric firm signs contracts worth $113 million to execute Toshka Project

El Sewedy Electric is a multinational manufacturer of cables and electrical equipment.


South African billionaire Patrice Motsepe-linked TymeBank surpasses 7 million customers

TymeBank is a South African digital-only bank controlled by Africa's first Black billionaire.

Kenyan tycoon John Kimani gains $3.7 million in 45 days

Kimani, known for his diverse investment portfolio, owns a 34.54-percent stake, equivalent to 6,762,133 shares, in Kakuzi. 

Hip-hop’s first billionaire Jay-Z scores legal win, pocketing $7.2 million

The legal saga began in 2016 when Parlux, renowned for its ties with pop culture icons and fashion houses, filed a lawsuit against Jay-Z.

World’s richest Black woman Oprah Winfrey settles trademark lawsuit over ‘Oprahdemics’ podcast

Despite losing more than $100 million in 2022, the “Queen of Talk” remains the World’s richest Black woman.