Connect with us


Delegates Announce $1.2 Billion Fund to Produce Vaccines in Africa



Delegates at the African Vaccine Manufacturing Accelerator conference in Paris have announced $1.2 billion in funding to produce vaccines in Africa.

This significant investment aims to increase vaccine production in Africa, which currently produces only 2% of the vaccines it uses.

The funding was announced at the Global Forum for Vaccine Sovereignty and Innovation, where world leaders, health groups, and pharmaceutical firms gathered to address the global inequalities in access to vaccines exposed by the Covid-19 pandemic.

French President Emmanuel Macron stated that the African Vaccine Manufacturing Accelerator would be “an essential step towards a genuine African vaccine market.” The goal is to increase vaccine production in Africa to 60% by 2040.

The recent resurgence of cholera in many parts of Africa has highlighted the need for more local vaccine producers. Senegal’s President Bassirou Diomaye Faye emphasized the importance of vaccination programs, which were disrupted by the pandemic.

Gavi, the vaccine alliance, announced its plan to raise $9 billion for its vaccine programs, with the goal of making up to $1 billion available over the next 10 years to boost Africa’s manufacturing base and improve global vaccine markets and preparedness.

The project aims to use market forces to drive down prices and encourage investment upstream.

Officials will explore issues like technology transfer, the possible creation of an African medicines agency, and tackling regulatory hurdles faced in Africa’s patchwork of legal systems.

For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: Follow us on X (Fomerly Twitter) or Facebook

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Updates

Musk weeps as son transitions to transgender

Dakore denies affair with Akpabio, initiates legal action

Baby factory: Police rescue 10 pregnant women in Akwa Ibom

Ondo lawyer stabbed to near-death for handling divorce case

Landslide death toll in Ethiopia rises to 146

Police force to undertake reconstruction of dilapidated barracks

Asake prepares for second sold-out O2 Arena show

Water Company MD to receive Fellowship Award from Nigerian Society of Engineers

Sabotaging Dangote Refinery by Tinubu Government Dangerous to Nigerian Economy

Nigerian Police bust mortuary where AK-47 rifles, other weapons are hid

Subscribe to DDM Newsletter for Latest News