What fuel, bread and water reveal about how Egypt is mismanaged

WITH less than two months to go before Egypt’s presidential election, no one is talking about the choice of candidates, because there is no choice. All serious rivals to President Abdel-Fattah al-Sisi, who seized power in a coup in 2013, have been scared off. A single challenger, Moussa Mustafa Moussa, who until recently was an ardent fan of the president, announced his candidacy on January 28th and registered it 15 minutes before the deadline the next day, having somehow gathered 47,000 signatures in record time. Many suspect that Mr Moussa is only running to create the illusion of a real contest.

Instead of talking about the joke election, Egyptians are talking about inflation, which they do not find funny. Since the government allowed the overvalued Egyptian pound to float in 2016, it has halved in value. Many imports are unaffordable. “Three years ago you could buy all the electric appliances you needed for 50,000 pounds. Now it costs 150,000,” says a waiter in Qaha, a city north of...Continue reading

Source: Middle East and Africa http://ift.tt/2EQcVPa

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