How Egypt’s President Abdel Fattah al-Sisi Is Bankrupting The Country!
Channel: Africa Reloaded
Date: 2024-04-03

In 2013, Egypt’s President Major General Abdel Fattah al-Sisi was part of the people who overthrew the Egyptian presidency at the time and seemingly rescued Egypt from the darkness and authoritarianism of the Muslim Brotherhood. In June 2014, President Al-Sisi was sworn in as President of Egypt in response to calls from his supporters to run for the presidency, and he promised the people a renaissance. However, it's now ten years after the military coup and nine years into his presidency and that promise has not been fulfilled. Instead, Egypt is decaying, poverty and income inequality remain ridiculously high and the economy is the worst since its history as a country. What is the reason? What is the cause? Why is Egypt currently in this state? Like every other African country, the problem lies in its leader, President Abdel Fattah Al-Sisi. So, how has President Al-Sisi pushed Egypt to its current state and is there any hope? Let's find out in this video.

When President Al-Sisi came into power in 2014, he felt was ruling over an oil-rich country like Saudi Arabia, or a country efficient in manufacturing exports like China, so he decided to go on a spending spree. Now, if this spending were on necessities that would improve food sufficiency for an expanding population or improve the economy somehow, it would have been good. However, President Al-Sisi and his military government have focused on mega projects that are supposed to benefit the country but on closer inspection, these projects have no impact on economic growth rather they are just to elevate Egypt’s status, meaning they are more like symbols. One such project is Egypt’s New Administrative Capital City, a project President Sisi announced in 2015.