UK’s Conservative Party Appoints Ex-Minister Mohamed Mansour as Senior Treasurer

UK’s Conservative Party Appoints Ex-Minister Mohamed Mansour as Senior Treasurer

The United Kingdom’s (UK) Prime Minister Rishi Sunak announced that Egyptian billionaire and former minister under ex-President Hosni Mubarak, Mohamed Mansour, will be one of their senior fundraisers for the Conservative Party before the next election.

The Conservative Party initially denied Mansour’s position, insisting that he was “not the treasurer,” reports the Guardian.

However, party sources later revealed that he served in a different capacity as “the senior treasurer,” a role which entailed fundraising for the next general election due to take place no later than January 2025.

“It is a great honour and privilege to have been appointed as senior treasurer of the Conservative party and a member of the treasurer’s team of the party,” Mansour said in a statement confirming his appointment.

“The prime minister is making the hard choices that are necessary during a tough period for the country and, as a proud British citizen, I look forward to working with the team to support the party and the country.”

Sunak received backlash from the announcement.

Labour Party Chair Anneliese Dodds criticised the decision, saying: “Just when you think the Conservatives have reached the depths of slime and scandal, we have this: a billionaire who served in Hosni Mubarak’s authoritarian administration now in charge of soliciting donations, to fill the vacuum left by people quitting this disorganised and ineffective government.”

Unatrac, Mansour’s company, has given the party more than GBP 600,000 (EGP 18 million). As the owner of his family’s investment company Man Capital, he was also awarded a position on the UK government’s advisory investment council last year.

In 1975, Mansour established General Motors dealerships in Egypt. He later grew to be one of the company’s largest distributors globally, serving as Egypt’s Minister of Transportation from 2006 to 2009, under late president Hosni Mubarak.

Egyptian Artists Wegz and Farrah El Dibany Perform at World Cup Closing
Egypt-US Trade Rate Up by 13.4% in First 9 Months of 2022

Subscribe to our newsletter


More in News

Egypt to Get Its Very Own Fashion Week For the First Time

Egyptian Streets26 March 2023

Egypt Defeats Malawi 2-0 in Qualifiers for Africa Cup of Nations

Farah Rafik25 March 2023

World Bank and Egypt Agree on a New $7 Billion Five-Year Plan to Support Egypt’s Development

Egyptian Streets23 March 2023

Egyptian Court Denies Adoptive Family Custody of ‘Baby Shenouda’, Citing Lack of Jurisdiction

Egyptian Streets19 March 2023

Khaled El-Balshy Elected as Head of Egypt’s Journalists Syndicate

Farah Rafik18 March 2023

Egypt’s Giza and Saqqara Among 2023 World’s Greatest Places: TIME

Egyptian Streets17 March 2023

Minister of Tourism and Antiquities: Egypt Recorded 11.7 Million Tourists in 2022

Dina Khadr16 March 2023

By 2024, Egyptians May Be Required to Speak French by Law

Dina Khadr15 March 2023