Delegates unveil $1.2bn in funding vaccines production in Africa
Global leaders, health organizations, and pharmaceutical companies have pledged $1.2 billion to support vaccine production in Africa at the Global Forum for Vaccine Sovereignty and held in Paris. This initiative comes in response to the evident disparities in vaccine access globally, particularly in Africa where various health crises continue to pose challenges.
During the forum, French President Emmanuel Macron emphasized the importance of establishing the African Vaccine Manufacturing Accelerator as a crucial step towards creating a self-sustaining African vaccine market. Currently, Africa only produces two percent of the vaccines it requires, with the goal being to increase local production to sixty percent by 2040.
The recent resurgence of diseases like cholera in Africa has underscored the necessity for increasing local vaccine production capacity. The impact of the Covid-19 pandemic on healthcare systems and vaccination programs has been significant, with millions of children missing out on essential vaccines, according to a UNICEF report from 2021.
Additionally, the Gavi vaccine alliance, a key organizer of the forum, announced plans to raise $9 billion to support vaccine programs for various diseases in low-income countries. As part of this initiative, up to $1 billion will be allocated over the next decade to boost manufacturing capabilities in Africa, enhance global vaccine markets, and improve readiness to respond to pandemics and disease outbreaks.
The accelerator project aims to provide financial support to African manufacturers once they meet supply and regulatory requirements, with the objective of lowering vaccine prices through market competition and encouraging investment in production. Issues like technology transfer, the establishment of an African medicines agency, and addressing regulatory challenges across Africa’s legal systems will also be explored as part of this initiative.
There is a good reason why you should support the African Editors. Not everyone can afford to pay for news right now. That is why we keep our journalism open for everyone to read, including in Ghana. If this is you, please continue to read for free. But if you are able to, then there are three good reasons to support us today.
1. Our quality, journalism is a scrutinising force at a time when the rich and powerful are getting away with more and more.
2. We are independent and have no billionaire owner pulling the strings, so your money directly powers our reporting.
3. It doesn’t cost much, and takes less time than it took to read this message.
Help power the African Editors' journalism for the years to come, whether with a small sum or a larger one. If you can, please support us on a monthly basis from just 1 Ghana Cedi through mobile money number: 0599896099/ +23359989609 and you can be rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.
