26.2 C
Accra
Saturday, June 29, 2024
Independent Africa2% vaccine production in Africa to increase to 60% by 2040 -...

Date:

2% vaccine production in Africa to increase to 60% by 2040 – France’s Emmanuel Macron

spot_img

African leaders have teamed up with Europe and Western countries to push for a comprehensive strategic partnership to a new height, this time in the health sector.

At this crucial time of rising geopolitical tensions, the leaders reached an agreement to accelerate the rollout of vaccines in Africa, after the coronavirus pandemic exposed gaping inequalities in accessing them from advanced countries.

- Advertisement -

Many African countries learned invaluable lessons, witnessed discriminatory supplies and still have excellent memory of searching for vaccines during coronavirus pandemic 2019.

At a Global Forum for Vaccine Sovereignty and Innovation held in Paris, France, in June 2024, the launch of the African Vaccine Manufacturing Accelerator (AVMA) now provided financial incentives to vaccine manufacturers to step up production locally in Africa, which faces numerous health crises including rising cholera outbreaks.

- Advertisement -

“Africa produces only 2% of the vaccines it uses, and the goal that we have set is that by 2040 the production is increased to reach 60%,” French President Emmanuel Macron said at the opening of the summit. “France and Europe have supported this ambition since 2021 with 1.2 billion euros (allocated), and we need to accelerate it.”

Macron announced at the summit that three-quarters of the funding will come from Europe. The summit, attended by leaders from Botswana, Rwanda, Senegal, Ghana, and various ministers, health organizations, and pharmaceutical firms, discussed this initiative.

- Advertisement -

German Chancellor Olaf Scholz, in a video message, revealed that Germany will contribute $318 billion to the scheme. France will provide $100 million, and the UK $60 million. Other donors include the United States, Canada, Norway, Japan, and the Gates Foundation.

Reports indicate that GAVI, the Vaccine Alliance, will make up to $1 billion available over the next decade. This funding aims to boost Africa’s vaccine manufacturing capabilities, improve global vaccine markets, and enhance preparedness and response to pandemics and outbreaks such as HIV, malaria, tuberculosis, and COVID-19.

The Geneva-based alliance states that the accelerator will fund African manufacturers once they meet supply and regulatory milestones, leveraging market forces to reduce prices and stimulate upstream investment.

Officials noted that the project will also address issues like technology transfer, which some Western countries with strong pharmaceutical industries have resisted. Additionally, the initiative will explore the creation of an African medicines agency and address regulatory challenges posed by Africa’s diverse legal systems.

The scheme “could become a catalyst for promoting the pharmaceutical industry in Africa and fostering collaboration between member states”, Chairperson of the African Union Commission (AUC), Moussa Faki Mahamat, told the summit. Africa imports “99 percent of its vaccines at an exorbitant cost”, he added.

The new scheme aims to move vaccine production to Africa to give the continent more sovereignty — and avoid history repeating. Macron called for cholera to be “consigned to the past” and noted that outbreaks were now affecting “half of Africa”. The expectation was that a production chain for cholera vaccines be launched in Africa by the South African biopharmaceutical firm Biovac.

At the Global Forum for Vaccine Sovereignty and Innovation forum, Gavi announced it is seeking to raise $9 billion to fund its vaccine programmes from 2036 to 2030. The United States will contribute $1.58 billion to the Gavi effort, first lady Jill Biden said in a video message, with more commitments later expected. GAVI chair Jose Manuel Barroso said that “one million children vaccinated since 2000 is an incredible achievement”.

According to the European Commission, the AVMA funds will purchase more than 800 million vaccine doses produced in Africa over the next decade. “The initiative will diversify the set of global vaccine suppliers with a target of at least four African vaccine manufacturers entering the market in a sustainable way,” the Commission said.

Many parts of Africa have recently seen deadly outbreaks of cholera, which has highlighted the need for more local vaccine producers. Only one firm in the world — South Korea’s EuBiologics — makes the cheap and effective oral vaccine doses for the deadly disease. Thanks to the new money, “we are sure that within two years, Africa will be producing the cholera vaccine,” said Jean Kaseya, head of the Africa Centres for Disease Control and Prevention.

The AVMA is a newly established financial mechanism set to provide nearly €1 billion over the next ten years to support African vaccine manufacturers. It was officially launched at a global forum co-hosted by France, the African Union, and the international vaccine organization GAVI.

These new funds aim to help the African Union achieve its goal of producing at least 60 percent of the continent’s required vaccine doses by 2040, according to GAVI. The African Vaccine Manufacturing Accelerator (AVMA) is an initiative developed by GAVI and the Centre for African Disease Prevention and Control (CDC-Africa), based in Addis Ababa, Ethiopia.

Latest stories

I will ensure justice for Ayawaso West Wuogon by-election victims – Mahama

The Flagbearer of the National Democratic Congress (NDC), John...

Cement prices to surge by GHC12 from July 1 – Reports

Cement manufacturers in Ghana are said to have announced...

Not a single guy proposed to me during my stay at Wesley Girls’ SHS – Zanetor Agyeman-Rawlings

Member of Parliament for Klottey Korle constituency, Zanetor Agyeman-Rawlings...

Kwaku Kwarteng now Chairperson of Economy Committee

The Majority Leader, Alexander Afenyo-Markin, has announced in Parliament...

Don’t sleep before and after Dec. 7, even their members are suspicious – Bridget Otoo to NDC

Media personality, Bridget Otoo, has advised the National Democratic...

Related stories

Ghana ranks 2nd in Sub-Saharan Africa for remittances – WB Report

In 2023, Ghana emerged as the second-largest recipient of...

EU bolsters Maritime Security in Sub-Region

EU funds and completes EnMAR training for 15 port...

Dangote refinery in Lagos on fire

A fire broke out at the Dangote Refinery in...

President Ruto calls protests in Kenya “treasonous”

President William Ruto has announced a stringent crackdown on...

At least 10 dead in fierce protest in Kenya

Several Kenyans are feared dead from the clashes between...

LEAVE A REPLY

Please enter your comment!
Please enter your name here