• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, June 3, 2023
  • 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

African Union holds conference to fast-track local vaccine development

April 16, 2021
Stephen KotochiebyStephen Kotochie
in World, Africa
0
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.”

RelatedPosts

LGBTQ+ People Fleeing Uganda Out Of Fear For Their Lives

U.S Will Not Tolerate Any Coercion And Bullying Of Its Allies By China- Austin

Over 300 Perish In An Indian Train Crush

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.

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.

“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.

“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

Tags: AfDBafricaCDCconferenceVaccineWorld

Related Posts

Uganda anti-LGBTQ activist march against same sex relationship in the country.
Africa

LGBTQ+ People Fleeing Uganda Out Of Fear For Their Lives

June 3, 2023
U.S Will Not Tolerate Any Coercion And Bullying Of Its Allies By China- Austin
Asia

U.S Will Not Tolerate Any Coercion And Bullying Of Its Allies By China- Austin

June 3, 2023
Over 300 Perish In An Indian Train Crush
Asia

Over 300 Perish In An Indian Train Crush

June 3, 2023
Albanese Calls For Open Channels Of Communication
Asia

Albanese Calls For Open Channels Of Communication

June 3, 2023
African Development Bank Approves $20 Million Investment In Private Equity Fund Targeting the Infrastructure Sector In Africa
Africa

African Development Bank Approves $20 Million Investment In Private Equity Fund Targeting the Infrastructure Sector In Africa

June 2, 2023
Fort Bragg Renamed As Fort Liberty
USA

Fort Bragg Renamed As Fort Liberty

June 2, 2023

Leave a Reply Cancel reply

Your email address will not be published.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

Previous Post

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

Next Post

BOG educates the public on dormant accounts

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
Ghana has Sufficient Food Despite Its Economic Difficulties- Akufo-Addo
General News

Kpebu Excited Akufo-Addo Will Leave Presidency Seat Soon

by Samuel Y. OtibuJune 3, 2023
Uganda anti-LGBTQ activist march against same sex relationship in the country.
Africa

LGBTQ+ People Fleeing Uganda Out Of Fear For Their Lives

by Sampson AnnorJune 3, 2023
U.S Will Not Tolerate Any Coercion And Bullying Of Its Allies By China- Austin
Asia

U.S Will Not Tolerate Any Coercion And Bullying Of Its Allies By China- Austin

by Comfort AmpomaaJune 3, 2023
World Bank Cautions Ghana Of Prospective Financing Cuts To Some Social Intervention Programs In Ghana
Economy

World Bank Cautions Ghana Of Prospective Financing Cuts To Some Social Intervention Programs In Ghana

by Gifty BansahJune 3, 2023
Over 300 Perish In An Indian Train Crush
Asia

Over 300 Perish In An Indian Train Crush

by Sampson AnnorJune 3, 2023
Mamprugu Overlord Calls For Disarmament By Warring Factions
General News

Mamprugu Overlord Calls For Disarmament By Warring Factions

by Angeller AshongJune 3, 2023
Ghana has Sufficient Food Despite Its Economic Difficulties- Akufo-Addo
Uganda anti-LGBTQ activist march against same sex relationship in the country.
U.S Will Not Tolerate Any Coercion And Bullying Of Its Allies By China- Austin
World Bank Cautions Ghana Of Prospective Financing Cuts To Some Social Intervention Programs In Ghana
Over 300 Perish In An Indian Train Crush
Mamprugu Overlord Calls For Disarmament By Warring Factions
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

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 © 2021 The Vaultz News. All rights reserved.

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