How uncertainty managed to negatively affect the Egyptian economy

Egypt is in need of a coherent economic vision complemented by explicit economic policies. Undermining both, or using economic initiatives as substitutes and surprising citizens with an assortment of mega investment projects (even if they are beneficial) will not do our country any good.

In a very short period, Al-Sisi has managed to make the economic future of Egypt both uncertain and truly dependent on his person. He thinks, acts and regulates the Egyptian economy entirely based on his own ideas and understanding. To make matters worse, Al-Sisi has yet to declare what he has in mind. The result is that Egypt’s future is today completely subject to the perceptions of a secretive leader, amidst an economic climate where businessmen are adopting a “wait and see” rather than an “expand and prosper” position.

Egypt is in need of huge investments to revive its economy and reduce its high unemployment rate. There is consensus among all experts, including current and past governments, on this issue. The question is how can businessmen expand their investments in a country that lacks a clear economic vision, has numerous uncertainties and that is led by an unpredictable president?