Naguib Sawiris' Top 10 Rules for Success

An intelligent, wise and hardworking #Africanlion, Naguib is an Egyptian billionaire with a net worth of about $3.2 billion. Check out my take on his Top 10 rules below:
1. Put in the hours
2. Build your reputation
3. Africa must embrace the power of the youths
4. Bet on people's good intentions
5. The youths must embrace social media to effect social change
6. Don't be afraid to fail
7. Africa offers the vest investment returns
8. Africans must lead in investing in Africa
9. Africans in the diaspora must carefully consider the opportunities back home
10. Keep moving, don't get stuck
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Since joining Orascom, the family business, in 1979, Naguib Sawiris has continuously contributed to the growth and diversification of the company into what it is today – one of Egypt’s largest and most diversified conglomerates. The Orascom Group is the country’s largest private sector employer and has the largest market capitalization on the Cairo & Alexandria Stock Exchange. Mr. Sawiris established and built the railway, information technology, and telecommunications sectors of Orascom. The success of these ventures as well as the other sectors of the company led to the management’s decision to split Orascom into separate operating companies: Orascom Telecom (OT) www.orascomtelecom.com ,Orascom Construction Industries (OCI) www.orascomci.com ,Orascom Hotels & Development www.orascomhd.com and Orascom Technology Systems (OTS) www.ots.com.eg. Orascom Telecom Holding S.A.E.(OTH) was established, in late 1997, and has been chaired by Mr. Sawiris since then up until May 2011.

As the Founder of Orascom Telecom Holding (OTH), Mr. Sawiris has dynamically led the growth of the company, to be the leading regional Telecom player and among the best regarded Emerging Markets players in the world. After founding Weather Investments (recently re-branded “Wind Telecom”) in early 2005, Mr. Naguib Sawiris led the landmark leveraged buyout of a majority stake of Wind Telecommunications in Italy and took over management as its Chairman in late summer 2005. In November 2006, Wind Telecommunications floated the largest ever PIK debt in Europe with proceeds used to complete the buyout of Wind from ENEL resulting in the Sawiris Family owning 98% of Weather. In April 2011, Wind Telecom merged with Vimpelcom Ltd., creating the world’s sixth largest mobile telecommunications provider by number of subscribers with operations in 20 countries serving 181 million customers. This latest transaction marks a new milestone in Mr. Sawiris’ long and successful career journey in leading the international growth of both Orascom Telecom and Wind Telecom.

At international and regional levels, Mr. Sawiris serves on the following Boards, Committees and Councils:
- Member of the International Advisory Committee to the NYSE Board of Directors (IAC) since
November 2005
- Board member of the International Advisory Board to the National Bank of Kuwait
- President of the German-Arab Chamber of Industry and Commerce
- Board member of the Supreme Council of Sciences and Technology among a galaxy of scientists
including Nobel laureate Dr. Ahmed Zewail, Dr. Farouk El Baz and Dr. Magdi Yaqoub.
- Member of both the Board of Trustees and the Board of Directors of the Arab Thought Foundation
- Member of the Board of Trustees of the French University in Cairo
- Board member of the Egyptian Council for Foreign Affairs
- Board member of the Consumer Rights Protection Association of Egypt

Mr. Sawiris is also the recipient of numerous honorary degrees, industry awards and civic honors, including the “Legion d’honneur“ (the highest award given by the French Republic for outstanding services rendered to France) and the prestigious “Sitara-e-Quaid-e-Azam” award (conferred upon him in 2006 by General Pervez Musharref for services rendered to the people of Pakistan in the field of telecommunication, investments and social sector work). Mr. Sawiris holds a diploma of Mechanical Engineering with a Masters in Technical Administration from the Swiss Institute of Technology, ETH Switzerland and a Diploma from the German Evangelical School, Cairo, Egypt. Mr. Sawiris is married, with four children and lives in Cairo. He speaks Arabic, English, German and French.
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Maro

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Maro does not offer investment advice and Maro is not a registered investment advisor. The information provided is from Maro's experiences which may differ from the experiences of other investors or other people. Past performance is not indicative of future results.