Translate

Tuesday, 28 June 2022

African fund promises $3bn for vaccine self-sufficiency




Some $3bn (£2.4bn) will be invested over the next 10 years to end vaccine dependency across the continent, the Africa Development Bank (ADB) has pledged.


The plan incudes a new pharmaceutical centre for research, development and manufacturing based in Rwanda’s capital, Kigali.

It has been widely lauded as key towards ending Africa’s dependence on outside donations, as recently witnessed during the Covid-19 pandemic

ADB say it will also help patent and license African-made medicines, and support governments to navigate the intellectual property rights to global vaccines and medicines.

It follows a recent World Trade Organisation announcement of a partial waiver on coronavirus vaccine patents, allowing select developing countries to produce the jabs.

ADB says Africa currently imports more than 70% of all its medicines, spending about $14bn every year.

……………………………………………………………


No comments:

Post a Comment

Note: only a member of this blog may post a comment.

From Angola to Roses: Chevening Scholar Sofonie Dala Lives Her First Varsity Experience at Europe’s Largest Inter-University Sports Tournament

    Roses are white 2025 Breaking barriers, building communities — how one scholar turned her first UK sports weekend into a story of sustai...