Google+ Followers

Wednesday, 5 October 2016

President Sisi deploys army to tackle Egypt’s economic woes — FT.com

President Sisi deploys army to tackle Egypt’s economic woes — FT.com:

"Huge trucks loaded with baby milk rolled out of Alexandria port emblazoned with pictures of a smiling baby and a message for Egyptian parents: “Don’t pay more than 30 pounds. With the compliments of the armed forces.”

The trucks then fanned out across Egypt, distributing the imported infant formula to be sold at half the price charged by retailers — part of a military venture that illustrates how President Abdel Fattah al-Sisi is increasingly turning to the army to tackle the country’s economic woes.

An army spokesman described the move as part of efforts to combat the “greed of monopolists” and ease life for Egyptians. The initiative was announced last month after shortages caused suppliers to raise prices and prompted a rare protest by poor mothers carrying their infants."



'via Blog this'