Africa Stands to Benefit from Higher Oil Prices

Introduction.

Oil prices have risen precipitously due to vaccines, inoculations, and the gradual reopening of borders across the world. American regulators found the vaccines from Johnson and Johnson to be safe and effective and should arrive in the U.S. as a lower-cost option in United States within days. Other vaccines from AstraZeneca have been equally manufactured and shipped to Ghana, the first recipient under the COVAX category. The 600, 000 doses have been produced by the Serum Institute of India after Ghanaian officials proved that their…