Egypt has doubled its oil hedges during the fiscal year (FY) 2020/21 as a precautionary measure against the possible increase of oil prices, Finance Minister Mohamed Maait told Bloomberg in an interview.

Egypt's Minister of Finance, Mohamed Maait, has announced that a further 20% of the Alexandria Mineral Oils Company (AMOC) will be offered on the Egyptian Exchange Market (EGX).

Egypt I believed to receive a new tranche of the $2 billion International Monetary Fund (IMF) loan during the 3rd week of December 2017, Egyptian Minister of Finance.

South Africa’s government has identified assets to sell to help Eskom Holdings SOC Ltd. cover its funding gap, with the first cash injection of 10 billion rand ($870 million) expected by about June, Finance Minister Nhlanhla Nene said.