Egypt‘s President Abdel Fattah al-Sisi commenced his third term in office on Tuesday following a swearing-in ceremony before parliament.
The inauguration coincided with the opening of Egypt’s New Administrative Capital, situated in the desert east of Cairo, signaling a new chapter for the nation under Sisi’s leadership.
Having secured a landslide victory in December’s election with 89.6 percent of the vote against relatively unknown opponents, Sisi is set to govern until 2030, News About Nigeria reports.
However, this term is expected to be his last unless he pursues another constitutional amendment to extend his tenure.
During his oath-taking, Sisi reiterated his commitment to addressing Egypt’s persistent economic challenges.
The country has grappled with a severe economic crisis marked by a significant devaluation of its currency and soaring inflation rates, reaching a record high of 40 percent last year.
Despite these difficulties, recent months have seen Egypt receive over $50 billion in loans and investment deals, offering hope for economic recovery.
Sisi’s administration faces the daunting task of revitalizing the economy and alleviating the financial burdens faced by millions of Egyptians.
The President has pledged to implement robust economic reforms aimed at stabilizing the currency, curbing inflation, and stimulating growth.
These reforms are expected to focus on sectors such as infrastructure development, job creation, and attracting foreign investment.
As Egypt embarks on this new phase under Sisi’s leadership, citizens and observers alike will be closely watching to see how effectively the government can translate promises into tangible improvements in the lives of ordinary Egyptians.
