Business News Catch-Up | Africa

GHANA

Ghana is set to be the first African country selling debt to fund development programs. The country is in a bid to issue green and social bonds by November. The purpose of these bonds is to fund social and environmental projects and pay for education or health https://bit.ly/3xPu4mT

UGANDA 

Following the second lockdown in Uganda, the Ugandan Government has been distributing COVID relief money to people affected by the lockdown. The beneficiaries include food vendors, slum dwellers even musicians and comedians. The majority of the beneficiaries are unable to work because of the current lockdown restrictions https://bbc.in/3hLbkPM

ANGOLA

The oil minister in Angola is currently calling for investors to invest in the Lobito refinery in Benguela province. The refinery is projected to process up to 200,000 barrels of oil per day once completed. The Luanda refinery is currently being refurbished while the Cabinda and Soyo refineries are under construction https://bit.ly/36K0X8n.