CAIRO - Egypt's El Sewedy Electric Co has signed a deal to borrow $500 million from the African Export-Import Bank (Afreximbank), the company said on Tuesday.

The money would be used to fund projects in Africa, said Ahmed Hassouna, the company's head of marketing.

(Reporting by Ehab Farouk Writing by Aidan Lewis Editing by Louise Heavens) ((Aidan.Lewis@tr.com; +20-1001174410;))