Sisi Set To Take Oath For Third Tenure In Egypt, Tuesday

Abdel Fattah al-Sisi, the incumbent Egyptian president, is set to begin his third consecutive term with the oath-taking ceremony scheduled for Tuesday, within the burgeoning precincts of the nascent capital outside Cairo, as confirmed by Al-Ahram, the state-backed publication, on Monday.

With a decade-long tenure under his belt, Sisi is set to renew his oath in accordance with the constitution on Tuesday within the confines of the newly established parliamentary headquarters in the administrative capital east of Cairo, as outlined by Al-Ahram.

As per official records, the 69-year-old Sisi is slated to kick off his next tenure on Wednesday, marking a span of more than three months since his landslide victory with 89.6 percent of the ballots cast, competing against three lesser-known opponents.

The former head of the army and minister of defence, Sisi led the ouster of former Islamist president Mohamed Morsi following massive popular protests around the country.

Read also: Egypt Will Not Allow Anyone Threaten Somalia, Sisi Declares

His new term of six years is supposed to be his last, according to the constitution.

MP Mustafa Bakri, who is close to the ruling powers, said the government will likely resign after Sisi’s inauguration to allow for a cabinet reshuffle.

The swearing-in comes against the background of a severe economic crisis, with spiraling inflation and a foreign currency shortage that is stifling foreign trade.

In the opening quarter of 2024, Egypt saw a substantial injection of funds, including a notable $35 billion infusion from the United Arab Emirates and a $5 billion increment to the original $3 billion loan provided by the International Monetary Fund.

Sisi’s backers argue that the influx of foreign currency will breathe new life into the economy. However, skeptics doubt that any meaningful improvement will occur without fundamental structural reforms aimed at diminishing the disproportionate influence of the military and government in economic affairs.

Africa Today News, New York

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