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
-
The beats, the moves, the memories: Joy FM’s 90’s Jam comes off on Jan. 2
34 minutes -
Divaloper hosts third Builders Leadership Summit to nurture bold leaders
41 minutes -
20-year-old remanded for illegal firearm possession, death threats at Abuakwa
44 minutes -
PWDs are citizens with rights, not objects of sympathy – Tano South MCE
46 minutes -
Kumasi Evangel Choir tours Europe and Asia
47 minutes -
DJ Shaker HD wins big at Hitz FM’s Hottest DJ 2025
48 minutes -
Non-payment, illegal connections hurting Ghana Water’s operations – GWL warns
49 minutes -
Anthony Joshua in road crash, two die
52 minutes -
TOR says structures in place to prevent another shutdown
53 minutes -
Doormaster delivers on promise with GH¢20K smart security door at Joy FM’s Family Party in the Park
54 minutes -
Mrs Emily Mamle Abotsi
1 hour -
TOR can refine Ghana’s local crude – Corporate Affairs Officer clarifies
1 hour -
DJ Spinall, Davido, King Promise, Wande Coal and more light up Detty Rave 7 in Accra
1 hour -
AIG partners PAJ Foundation to reward outstanding performers
1 hour -
Detty Rave 7 shuts down Accra as Mr Eazi pledges $2m investment
1 hour