Finance Minister

  • Egypt Doubles Oil Hedges in FY 2020/21

    Egypt Doubles Oil Hedges in FY 2020/21

    Thursday, 10th December 2020

    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.

  • AMOC to Offer 20% Stake on EGX

    AMOC to Offer 20% Stake on EGX

    Sunday, 16th September 2018

    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 to Receive IMF Loan Tranche in December

    Egypt to Receive IMF Loan Tranche in December

    Tuesday, 5th December 2017

    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 Aids Troubled Energy Sector

    South Africa’s Government Aids Troubled Energy Sector

    Thursday, 22nd January 2015
    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.