El-Naggar has been assigned to lead Egypt’s commercial office in Abidjan, Côte d’Ivoire, as part of a wider administrative reshuffle within the trade and investment system.
Inflation rose to 15.2% in March 2026, driven by higher energy and food prices. The Central Bank of Egypt kept its key policy rate unchanged at 19.5% in April, while international reserves reached $52.8 billion, supported by continued International Monetary Fund (IMF) assistance.
The minister made the remarks during an inspection tour of the National Energy Control Center, where he reviewed operations and coordination across the country’s power system to ensure the stability of the unified national grid and the continuity of electricity supply.
Mene said the trade framework is designed to ensure that all African countries benefit, regardless of the size or diversification of their economies.
The ranking highlights Cairo’s deep historical heritage, noting that its origins stretch back thousands of years.
