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El Sisi calls for new government to help take Egypt to the “next phase”: President Abdel Fattah El Sisi instructed Prime Minister Moustafa Madbouly to form a new government yesterday after Madbouly submitted his government’s resignation. “Today, I assigned Dr. Moustafa Madbouly to form a new government that includes the necessary expertise and competencies to manage the next phase in order to achieve the desired development in government performance and confront the challenges facing the state,” El Sisi said in a statement .
Cue the rumor mill: Apart from confirmation that Madbouly will once again be sitting at the head of the cabinet table, we’re yet to hear of who will be leaving or joining the new cabinet. Enterprise will be keenly watching to see if the new cabinet will bring back the former economy or investment ministries, to whom GAFI will report, as well as for word of who will head key business-sensitive portfolios, including the ministries of finance, planning, international cooperation, and other portfolios.
Expect policy stability: The next government’s priorities include promoting private sector growth, attracting local and foreign investment, and getting inflation under control, El Sisi said, per a statement from Ittihadeya. Cabinet will also prioritize human development with a focus on education, health, and political participation. The page-long statement also emphasized national security and fight against terrorism.
What’s next? All serving ministers continue in office until a new cabinet is put together. We’re yet to be given a date for when the new cabinet will take office, but Ala Masouleety’s Ahmed Moussa (watch, runtime: 3:10) believes El Sisi will swear them in next Tuesday.
The new cabinet will then have to present its plan of action to the House of Representatives for approval. Well-connected MP and TV presenter Mostafa Bakry said the House will be called into an “urgent session” when Madbouly has his new ministerial lineup ready.
Data point: This is expected to be the fourth major shuffle led by Madbouly since being appointed prime minister in 2018, with the last shakeup in August 2022 seeing 13 new faces.
The foreign press also picked up the story, with Bloomberg calling the move “expected” following El Sisi’s re-election and Reuters highlighting the economy as a key file for the incoming cabinet.
