Audio By Carbonatix
Some $3bn (£2.4bn) will be invested over the next 10 years to end vaccine dependency across the continent, the Africa Development Bank (AfDB) has pledged.
The plan includes 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
AfDB says 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.
AfDB says Africa currently imports more than 70% of all its medicines, spending about $14bn every year.
Latest Stories
-
24-Hour Economy not just talk — Edudzi Tamakloe confirms sector-level implementation
2 minutes -
Four arrested over robbery attack on okada rider at Fomena
3 minutes -
NDC gov’t refusing to take responsibility for anything that affects Ghanaians – Miracles Aboagye
29 minutes -
Parental Presence, Not Just Provision: Why active involvement in children’s education matters
54 minutes -
24-Hour economy policy fails to create promised jobs – Dennis Miracles Aboagye
1 hour -
Ghana Embassy in Doha urges nationals to take shelter after missile attack
1 hour -
Government’s macroeconomic stability commendable, but we need focus on SME growth – Victoria Bright
1 hour -
Macro stability won’t matter without food self-sufficiency- Prof. Agyeman-Duah
2 hours -
How Virtual Security Africa is strengthening safety at Mamprobi Polyclinic
2 hours -
Ghana on right track macroeconomically, but structural gaps remain – Fred Dzanku
2 hours -
ADB MD honoured for impactful leadership at PMI Ghana engagement
2 hours -
Bringing Ofori-Atta’s photo to Parliament and displaying it was unfair – Afenyo-Markin
3 hours -
Minority leader calls 24-Hour economy policy more PR than practical solution
3 hours -
Afenyo-Markin accuses government of using anti-corruption drive to target opponents
3 hours -
GPL: Kotoko announce new board of directors
3 hours