A new report details just how much Egyptians are suffering post-revolution. The Credit Suisse Research Institute released its fourth annual Global Wealth Report 2013, which finds that from mid-2012 to mid-2013 aggregate global household wealth increased by 4.9% in current dollar terms to $241 trillion, despite the continuing challenges posed by the economic environment.
Although in terms of total wealth, Egypt came in third – it’s mostly based on the large population. However, the North African country’s wealth per adult fell 12%. The continuous instability since the January 25, 2011 revolution, the ousting of Mohammed Morsi which saw massive protests erupt on June 30, 2013, and bombings (attempted and completed) with an RPG attack have made many investors shy away from funding projects. Others have downsized operations with a rising number of companies complaining about non-payment from the government and its entities.
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