Brief informationElsewedy Electric
An anonymous investment project Elsewedy Electric presents itself as a subsidiary of the eponymous manufacturer of electrical products from Egypt. The platform uses the corporation's logo, but does not confirm their relationship with documents. As of the end of July 2025, the official website elsewedyelectricnf.com is no longer active. Information about the project's work was obtained from data provided by insiders.
Before the site was blocked, the investment company Elsewedy Electric did not advertise its legal documents and terms of cooperation. To access the presentation materials, registration was required. It is known that the platform attracted investors from African countries, particularly from South Africa and Tanzania.
There are no support service contacts on the elsewedyelectricnf.com website. Probably, managers contacted participants via instant messengers or social networks. Communication with current investors took place in their personal account via online chat.
Elsewedy Electric investment plans and returns
Participants report the following cooperation scheme:
According to the Elsewedy Electric hype, users were offered to purchase fixed products from the company's catalog — cables, wires and other accessories. At the same time, investors did not receive any physical purchase in return. The connection between these products and real goods was not confirmed by any contracts or licenses.
The investment company elsewedyelectricnf.com promised to pay daily bonuses for the purchase of a certain number of units of goods.
There was a gradation of investors by VIP levels. Movement between the levels occurred after replenishing the account. With each new level, the Elsewedy Electric investment project promised an increase in bonuses, and also encouraged participants to reinvest profits.
The platform supported a 3-level referral program, promising super-high payments (30%-5%-1%).
At the same time, the investment company elsewedyelectricnf.com did not advertise the minimum deposit amount for each level. Probably, each investor received a separate consultation from a referrer or a representative of the platform.
Registration and personal account on elsewedyelectricnf.com
To create a profile, it was necessary to specify:
mobile phone;
password;
invitation code;
verification code.
Before completing registration and entering the personal account of Elsewedy Electric, the company did not provide its contracts for review.
Deposits and withdrawals with Elsewedy Electric
According to participant reports, the hype claimed the following terms for financial transactions:
withdrawals from Elsewedy Electric — once per day;
transaction currency — South African Rand (ZAR) or USD;
withdrawal tax — 6%;
limits — no less than 100 ZAR and no more than 1,000,000 ZAR per day.
Plastic cards were used as the payment method by the platform.
Conclusion about Elsewedy Electric
The company tried to pass itself off as a reputable corporation using the Elsewedy Electric logo and a modified domain that did not appear in any official source. The investment company operated anonymously, did not provide a clear description of its business model, and did not explain the procedure for distributing profits. According to reviews of Elsewedy Electric, this company was a financial pyramid. The scam occurred in July 2025.
