• en

Egyptian President Sisi Sworn In For Third Term Amid Economic Challenges

Egyptian President Sisi’s third term inauguration took place at the new parliament building, symbolising ambitious infrastructure initiatives undertaken during his rule.

Egyptian President Abdel Fattah al-Sisi was sworn in for his third term on Tuesday at the country’s new capital, marking a significant moment in his presidency amidst economic challenges and ongoing mega-projects.

The inauguration took place at the new parliament building, symbolizing the ambitious infrastructure initiatives undertaken during his rule, albeit amid concerns about their financial sustainability.

Addressing lawmakers and officials from various sectors, President Sisi acknowledged the challenges Egypt has faced in recent years, including terrorist threats, global crises, and regional conflicts.

“The past few years have shown that the path of nation-building is not paved with roses … between terrorist attempts at home, sudden global crises abroad, fierce wars around us,” Sisi told attendees during the ceremony.

He emphasized the importance of continued development efforts while acknowledging the hardships experienced by many Egyptians, who feel excluded from the benefits of such projects.

Sisi’s re-election last December with 89.6% of the vote, without any significant challengers, reflected his message of stability and security, particularly amidst the turmoil in neighbouring Gaza. However, economic hardships have left some Egyptians indifferent to the electoral process, viewing the outcome as predetermined.

During his inauguration speech, Sisi pledged increased spending on programs targeting the poor and greater private sector involvement, aligning with commitments made to secure an expanded $8 billion deal with the International Monetary Fund.

Since assuming office in 2014, Sisi has championed a series of infrastructure projects, including the $58 billion New Administrative Capital, aimed at accommodating Egypt’s growing population and driving economic development.

However, critics argue that such mega-projects have exacerbated Egypt’s economic woes, diverting resources away from pressing needs and increasing the country’s debt burden. Despite these challenges, Sisi reiterated his commitment to investing in various sectors, including energy, rationalizing public spending, and continuing to build new cities.

Sisi’s presidency, which began a decade ago after the ousting of Mohamed Mursi, has seen widespread crackdowns on dissent, with tens of thousands of individuals, including activists and Islamists, reportedly jailed.

Ozioma Samuel-Ugwuezi

Follow us on: