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South Africa COVID-19 vaccine producer receives €600 million financial support - P4H Network

South Africa COVID-19 vaccine producer receives €600 million financial support

One of the potential approaches to increasing vaccine equity as part of the fight against the COVID-19 pandemic, is reducing Africa’s reliance on global vaccine supply chains.  This can be enhanced by transferring competencies for vaccine production from upper income countries to other regions.  A leading pharmaceutical company in South Africa has received financial support of €600 million from a combination of sources including the IFC, the French Development institution Proparco, DEG – the German development finance institution, and the U.S. International Development Finance Corporation.

 

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