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Egyptian President Abdel-Fattah el-Sissi’s re-election campaign has received the backing of 424 members of the 596-seat lower house of the country’s parliament for his bid for a third term in office.
Egyptian President Abdel-Fattah el-Sissi’s re-election campaign has received the backing of 424 members of the 596-seat lower house of the country’s parliament for his bid for a third term in office. El-Sissi will run for a new term in elections scheduled for December. He is now a clear favorite. However, reports suggest that the Northern African country is going through one of the worst economic phases in its history compounded by inflation, and increasing external debt. The country is also facing massive unemployment.
Egypt will hold the presidential election over three days on December 10-12. A runoff will be held on January 8-10 if no candidate secures more than 50% of the vote. A handful of politicians have already announced their bids to run for the country’s highest post. But none poses a serious challenge to el-Sissi, who has ruled the country since 2014. Sisi has faced criticism from the West over his country’s human rights record and dictatorial rule.
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That said, the current president has unveiled several programs to make the country market -friendly such as divestment of public enterprises, cutting down on heavy subsidies, reducing budgetary support to loss-making public enterprises, and creating an environment for attracting investors from abroad, especially from the West. However, such initiatives have yet to yield the desired results.
