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Egypt’s New President Garners Support For Economic Reform

Egypt’s New President Garners Support For Economic Reform

Following former president Mohamed Morsi’s ousting in 2013, investments made under his command fell through according to a report by CCTV Africa. The country’s new president, Abdel Fatah el-Sisi, is making it a point to heighten transparency of economic reform and repair the damage that Egypt has endured. Attending the World Economic Forum, el-Sisi said that the country needs support in rebuilding.

“President el-Sisi assures many times in his speeches that Egypt is seeking to solve all the problems of the investors,” Ahmed Samy, a researcher at the Ahram Center For Strategic Studies told CCTV Africa. “Egypt now is keen to keep the old investment first, then to promote for the new investments.”