Egypt’s Minister of Planning and Economic Development, Ahmed Rustum, addressed the 52nd African Insurance Organization (AIO) Conference in Cairo, hosted by the Egyptian Insurance Federation under the patronage of Prime Minister Moustafa Madbouli and the Financial Regulatory Authority.
The event brought together senior African and Egyptian officials, including AIO President Yared Mola and Mohamed Farid, Minister of Investment and Foreign Trade.
Addressing the conference, Minister Rustum emphasised that rapid global and regional geopolitical shifts require building more resilient economies.
He noted that African economies have demonstrated exceptional recovery despite repeated shocks, with real GDP growth reaching 4.4% in 2025 and 22 countries surpassing 5% growth.
Highlighting the insurance sector’s transformation into a driver of economic growth and financial stability, he pointed out that Africa’s insurance market contributes only 2% of GDP despite holding $320 billion in assets. Greater integration, he said, could mobilise long-term savings and fund major infrastructure projects.
Rustum also underlined Egypt’s success in maintaining macroeconomic stability, with growth rising to 5.2% in 2025/26.
He cited strong performance in Egypt’s insurance sector, supported by the new unified insurance law, and reaffirmed the government’s commitment to reforms, diversification of financing, and deeper African co-operation to build robust financial systems across the continent.
