Africa
5 months ago

Egypt extends term of central bank governor for a third year

Egyptian President Abdel Fattah al-Sisi speaks during his swearing for his third term in a ceremony at the new Egyptian Parliament building in the New Administrative Capital (NAC) in the east of Cairo, Egypt April 2, 2024. 
Egyptian President Abdel Fattah al-Sisi speaks during his swearing for his third term in a ceremony at the new Egyptian Parliament building in the New Administrative Capital (NAC) in the east of Cairo, Egypt April 2, 2024.  Photo : The Egyptian Presidency/Handout via REUTERS/Files

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Egyptian President Abdel Fattah al-Sisi has extended the term of acting central bank governor Hasan Abdalla for a third year, the official gazette said on Monday.

Abdalla, who was head of Cairo-based Arab African International Bank for 16 years, was appointed for an initial year in August 2022 after the surprise resignation of long-serving Tarek Amer. Abdalla’s appointment was renewed in 2023.

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