• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, August 25, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in World, Africa

African Union holds conference to fast-track local vaccine development

Maynard Championby Maynard Champion
April 16, 2021
Reading Time: 3 mins read
Add as Preferred on Google
UNICEF signs COVID-vaccine agreement to supply all Member States of AU

The African Union has convened a global meeting with African leaders to discuss the need to accelerate local vaccine production to improve public-health security.

At the two-day virtual meeting which began on Monday, discussions held centred on the progress of local pharmaceutical manufacturing.

The President of South Africa, Cyril Ramaphosa opened the meeting with the remarks that: “The production of vaccines and access to vaccines is an absolute priority.”

In attendance were several heads of State, ministers of health, finance and trade from across the continent. Other global leaders present span global financial institutions, foundations, pharmaceutical manufacturers and business leaders.

ADVERTISEMENT

Africa’s vaccine manufacturing is not commensurate with its vaccine consumption. While the continent consumes almost one-quarter of global vaccines, it manufactures less than 1% of its daily vaccines. This does not include production of outbreak vaccines, since it produces none.

Furthermore, the situation is dire in the region, as it lags behind accessing vaccines in the midst of a struggle for the vaccines among advanced countries. Currently, only about 2% of the global vaccination against Covid-19 has occurred in Africa.

Thus, the conference’s main objective focused on the need for a new public health order in Africa. This new shift will promote domestic vaccine manufacturing, epidemic preparedness and upgraded healthcare systems to meet the needs of continent.

Dialogue on local vaccine development

On the back of this, the African Union and the Africa Centre for Disease Control (CDC) promised to continue working with all stakeholders to provide the needed support towards the production of vaccines.

Solomon Quaynor, the Vice President for Private Sector, Infrastructure and Industrialization of the AfDB noted that the project underway would require immense investment.

ADVERTISEMENT

“Vaccine manufacturing, because of its complexity, is not really an entrepreneurial drive but actually an institutional drive,” he added.

Moreover, this work-in-progress will build on already existing efforts to produce a continental plan of action. This will help accelerate African pharmaceutical manufacturing capacity, such as the Pharmaceutical Manufacturing Plan for Africa adopted in 2005.

Solomon Quaynor indicated that Africa could leverage on the African Development Bank’s support to secure Africa’s health defence system.

ADVERTISEMENT

“Leveraging on our comparative advantages, we will both provide upstream support to governments on the enabling environment,… provide financing to private sector and PPPs both indirectly through some of our private equity investee funds and directly through lending, and credit and risk guarantees.

“We will also use the Africa Investment Forum to bring in all relevant stakeholders and partner DFIs into bankable opportunities…”

In remarks made on behalf of African Development Bank President Akinwumi A. Adesina, Quaynor said that in order to meet the 2030 vision for Africa’s pharmaceutical industry would also work with pharmaceutical industry associations in Africa.

This is so that it may create capacity development links between universities and industry in Africa, and work with African scientists in the diaspora.

 Following these worthwhile agenda, the AU and Africa CDC launched partnerships for African Vaccine Manufacturing framework by signing to Memoranda of Understanding to achieve it.

READ ALSO: CMS implementation begins in the Ashanti Region

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: AfDBafricaCDCconferenceVaccineWorld
Please login to join discussion
Previous Post

Sub-Saharan Africa needs $425 billion over the next 5 years- IMF

Next Post

BOG educates the public on dormant accounts

Related Posts

UNICEF
Around the Globe

UNICEF Warns Afghanistan’s Child Malnutrition Crisis Is Worsening

August 25, 2026
Dr Thom Oliver, Senior Lecturer in Politics at the University of the West of England, Bristol
UK

Russia Wants Britain to Believe There Are Limits on Ukraine Support – Expert

August 25, 2026
Ahmed al-Sharaa, Syria’s de facto leader as Trump Hints Sanctions Removal On Syria
Asia

Syria Welcomes End of US Terrorism Designation

August 25, 2026
US Treasury, Secretary Scott Bessent.
USA

US Expands Sanctions Campaign Against Iran

August 25, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Honourable Ahmed Ibrahim

Housing Deficit: Ahmed Ibrahim Questions Ghana’s Slow Pace Of Delivery

August 25, 2026
Mike Fraser, the Chief Executive Officer of Goldfields

Gold Fields Strengthens Balance Sheet Following Strong H1 Performance

August 25, 2026
image 228

CTE Affects Nearly a Quarter of Former NFL Players, Study Reveals

August 25, 2026
UNICEF

UNICEF Warns Afghanistan’s Child Malnutrition Crisis Is Worsening

August 25, 2026
An Aerial of a Developed Affordable Housing

Scrap 20% VAT on Housing, It’s Driving Up Cost — GREDA Tells Government

August 25, 2026
ADVERTISEMENT
Next Post
BOG educates the public on dormant accounts

BOG educates the public on dormant accounts

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.