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African Development Bank Group (AfDB)

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    • The African Pharmaceutical Technology Foundation receives financial support from the African Development Fund to set up its activities
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Source: African Development Bank Group (AfDB) |

Rwanda: The African Development Fund commits $12 million to the rapid operationalization of the African Pharmaceutical Technology Foundation (APTF)

This foundation will act as a transparent intermediary that promote and negotiate with pharmaceutical multinationals and other countries in the South on sharing technology

The Board of Directors of the African Development Fund approved, in Abidjan on 27 February 2024, $11.96 million Grant to speed up the establishment of the African Pharmaceutical Technology Foundation, headquartered in Kigali, Rwanda. The financial support from the African Development Bank Group’s Regional Public Good window, together with a…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Biovac and Development Partners Collaborate to Support South Africa’s Vaccine Manufacturing Expansion and Advance Long-Term Health Security Across Africa

Biovac to raise around $150 million (ZAR2.3 billion) to boost increased local vaccine manufacturing capacity across the African continent

Consortium of nine development partners to support Biovac’s expansion of its existing vaccine manufacturing plant capacity, and enable the production of Pfizer-BioNTech’s COVID-19 vaccine and other vaccines; Biovac to raise around $150 million (ZAR2.3 billion) to boost increased local vaccine manufacturing capacity across the African continent; Partners include AfDB (www.AfDB.org),…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank and WHO strengthen South Sudan’s emergency response with phase two of public health center

During phase two, the Center was equipped with hardware and software to facilitate emergency response operations

The government of South Sudan on Thursday inaugurated its Public Health Emergency Operations Center designed to respond promptly and effectively to public health risks and emergencies of international concern. The center is part of a $4.2 million African Development Bank grant-financed Covid-19 response project that included procuring an oxygen plant,…

African Development Bank Group (AfDB)

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    • “Africa cannot outsource its healthcare security to the benevolence of others”
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Source: African Development Bank Group (AfDB) |

“Africa cannot outsource its healthcare security to the benevolence of others”

Akinwumi Adesina says at 35th AU Summit

African Development Bank Group (www.AfDB.org) President Dr Akinwumi Adesina has said that the most important lesson of the Covid-19 pandemic for Africa is the need to build a defense mechanism against external shocks, especially in healthcare and financial security. “Investing in health is investing in national security,” Adesina told African…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

South Sudan: A doctor recalls trauma and triumphs with Covid-19 patients

Lori said that improvements in the infectious disease unit have made a significant difference

Dr. Abe Manase Lori is haunted by the memory of a 45-year-old patient who succumbed to Covid-19 at the beginning of the pandemic in South Sudan. “This was a time when we ran out of resources…It was unfortunate. We lost him,” said the 34-year-old doctor, who works at the Dr.…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Southern Africa Set for Economic Rebound, but Impact of Covid-19 Lingers

Southern Africa is projected to grow 3.2% in 2021 and 2.4% in 2022, according to the Bank’s Southern Africa Economic Outlook

Southern Africa is set for an economic rebound in 2021 and 2022, provided the Covid-19 pandemic tapers off, according to a report published by the African Development Bank (www.AfDB.org). Like elsewhere on the continent, the pandemic will be a deciding factor in the region’s economic fortunes. If all goes well,…

African Development Bank Group (AfDB)

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    • African Economic Conference: Development community calls for universal vaccine access to mitigate impact of Omicron, other Covid-19 variants
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Source: African Development Bank Group (AfDB) |

African Economic Conference: Development community calls for universal vaccine access to mitigate impact of Omicron, other Covid-19 variants

The World Health Organization categorized Omicron as a Covid-19 “variant of concern”, signifying that it could be more contagious than other known mutations

Cabo Verde President José Maria Neves on Thursday joined the development community in calling for urgent universal vaccine access as a way to mitigate the impact of Omicron and other variants of the Covid-19 virus. The World Health Organization on Friday categorized Omicron as a Covid-19 “variant of concern”, signifying…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

2021 Africa Investment Forum Postponed

The African Development Bank Group and the Government of Côte d’Ivoire wish to thank previously expected participants and delegations and look forward to hosting the event at a future date

Following consultations with the Government of Côte d’Ivoire and the Board of Directors of the African Development Bank Group (www.AfDB.org), the 2021 Africa Investment Forum scheduled for December 1-3, 2021, in Abidjan, is postponed until further notice. The President of the African Development Bank Group, Dr. Akinwumi Adesina said: “The…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

At IATF, Multilateral Financiers Discuss Trade Initiatives after Covid-19

The conversation took place during a panel discussion at the Intra-African Trade Fair, launched in 2018 to give the AfCFTA, which came into effect this year

Multilateral financial institutions on Tuesday discussed their role in promoting trade under the African Continental Free Trade Area (AfCFTA), an ambitious plan to create the world’s largest free trade zone since the founding of the World Trade Organization. The conversation took place during a panel discussion at the Intra-African Trade…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Africa Investment Forum: Projects worth $140 million on the table to boost vaccines and healthcare in West and East Africa

After the presentations, a panel of investors provided their insight on investing in Africa’s healthcare sector

Members of the Africa Investment Forum team showcased two projects during a virtual investor roundtable as the continent looks to boost its healthcare sector and attract much-needed investment in the wake of the Covid-19 pandemic. The projects, jointly worth around $140 million and located in East and West Africa, were…