The United Republic of Tanzania

TANZANIA INVESTMENT CENTRE





ELSEWEDY PLANS TO INVEST IN FERTILISER INDUSTRY IN TANZANIA .


The President and Chief Executive Officer of Elsewedy Electric from Egypt Eng. Ahmed El Sewedy had an official visit in Tanzania and met with the President of Tanzania H.E. Samia Suluhu Hassan at the State House in Dodoma on 13th August this year. Likewise, Eng. Ahmed El Sewedy had a meeting with the Ministers for Investment and for Energy expressed interest in continuing to invest in other projects in the country.

 

Elsewedy Electric Company is one of the contractors working at Julius Nyerere Hydroelectric Power Project (JNHHP) which is expected to produce 2,115MW. The Construction began in 2019 and is expected to be completed in 2022 as of now it is 54% complete.

 

Elsewedy Electric company has shown interest in investing a modern fertilizer industry in the country which will be utilizing natural gas.

 

According to the Minister of Investment, Honorable Geoffrey Mwambe, the anticipated investment is expected to reduce the country’s dependency on imported fertilizers, but also mitigate the supply gap challenges to enable the government to save money used to import the product.

 

“The Ministry of Investment together with the Ministry of Energy are doing their best to ensure that the investor is supplied with natural gas to enable the production to start soon. Discussions between technical experts and investors are ongoing on how to conclude to allow the investor start using natural gas for their fertilizer production,” said Mwambe.

 

“Elsewedy Electric is also interested in investing in construction of Industrial Parks measuring 2 million square meters which will accommodate more than 50 industries,” said Mwambe.

 

He said that the President of the United Republic of Tanzania, Her Excellency, Hon. Samia Suluhu Hassan has been promoting for the establishment of industrial parks to attract investors in the country.

 

The Minister said that, he recently participated in the first edition of Investment Promotion Agencies (IPAs) Africa Forumon the intergration for growth, which was held in Sharm el Sheikh, Egypt and attracted Ministers responsible for investment and Directors of investments centres from different countries.

 

“I used the conference to tell the investors the available investment opportunities in our country, and most of them promised to visit Tanzania to see the possible areas of investment,” he said.

 

Honorable Mwambe mentioned that Elsewedy Electric is constructing a big electric cable factory in Kigamboni which is expected to start production in October this year and added that this company is planning to build a college for training of experts in similar fields. He said the company is not a new company in Tanzania.

 

Elsewedy Electric has invested in different countries in Africa, Asia, Latin America and Europe.









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