Speaking to Egyptian expats in Addis Ababa, Ethiopia on Monday, President Mohamed Morsi said that he would not rush the formation of a new government in order to avoid disrupting the country's business.

Morsi was due to appoint a new premier by last week at the latest, and both men were then supposed to select a new government to replace the one led by Kamal El-Ganzouri, who has been serving as interim prime minister since October 2011.

Despite the delay, Morsi stressed he had been reflecting closely on the issue.

"We want to see a stable Egypt in terms of security, economy and politics," Morsi, who is attending an African Union summit in the east African country, said.

"I've been thinking about the new cabinet for the past two weeks. I do not want to rush the formation of the government in order avoid disrupting the country or the flow of work," he added.

The president also commented on other domestic issues such as ongoing protests in Egypt. He stressed that he was not against peaceful demonstrations, however, he added: "We should not aim all our energy at staging protests, but also to work and be productive."

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