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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)

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    • Africa gets shot in the arm as African Pharmaceutical Technology Foundation gets underway
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    • Discours de M. Akinwumi A. Adesina, président du Groupe de la Banque africaine de développement
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Source: African Development Bank Group (AfDB) |

Africa gets shot in the arm as African Pharmaceutical Technology Foundation gets underway

The European Investment Bank will be a partner in the Foundation’s regional biosimilars program for the production and innovation of relevant biosimilars in Africa

Africa’s efforts to build a resilient and self-reliant pharmaceutical industry for the continent advanced significantly today as the African Pharmaceutical Technology Foundation and the Rwandan Government signed the host country agreement paving the way for the Foundation’s operationalisation. The Foundation also signed a memorandum of understanding with the European Investment…

African Development Bank Group (AfDB)

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    • Argentinean Ambassadors Claudio Rozencwaig (7th from right) and Alejandro Herrero (2nd from right) with Afdb Vice presidents Simon Mizrahi (6th from right) and Solomon Quaynor (center) and a Bank team in Abidjan
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Source: African Development Bank Group (AfDB) |

Argentinean Foreign Policy Under-Secretary’s visit to African Development Bank underscores partnership opportunities in agriculture and pharma

The Under-Secretary who visited the Bank’s Abidjan headquarters on 12 September, held meetings with the Bank’s Executive Director for Argentina, Austria, Brazil, Japan and Saudi Arabia, Takaaki Nomoto, as well as senior Bank executives

On a visit to the African Development Bank (http://www.AfDB.org), Argentina’s Under-Secretary for Foreign Policy Claudio Rozencwaig has expressed keen interest in deepening the existing partnership and exploring opportunities that benefit Argentinean and African businesses, notably in agriculture and pharmaceuticals. The Under-Secretary who visited the Bank’s Abidjan headquarters on 12 September,…

African Development Bank Group (AfDB)

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    • The African Development Bank’s $11 million equity investment in BluePeak Private Capital Fund will support midsize pharmaceutical and other firms across Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank to make US$11 million equity investment in BluePeak Private Capital Fund

By investing in BluePeak, the African Development Bank will support an indigenous fund manager with a strong knowledge of African markets to invest in underserved small and mid-size companies

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) has approved an $11 million equity investment in BluePeak Private Capital Fund toward its $155 million target for final close. The investment advances the Bank’s goal of supporting mid-size firms, including in the pharmaceuticals, agribusiness, manufacturing, and logistics sectors,…

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

Africa Centres for Disease Control and Prevention (CDC) hosts lead partners of Partnerships for African Vaccine Manufacturing (PAVM) for review of vaccine manufacturing ecosystem in Africa

The meeting, which took place from 9-10 March, was dedicated to identifying a clear set of annual objectives and deliverables for the Partnership for African Vaccine Manufacturing (PAVM) in 2023

The Africa Centres for Disease Control and Prevention (Africa CDC) hosted its lead partners at a meeting on the sidelines of the Africa Health Agenda International Conference 2023 held in Kigali, Rwanda. The meeting, which took place from 9-10 March, was dedicated to identifying a clear set of annual objectives…

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

The African Development Bank Group (AfDB), Islamic Development Bank (IsDB) join forces to boost Africa’s health defense systems through the pharmaceutical industry

“Through partnerships we go further, increase development effectiveness, harness our synergies” – AfDB VP Solomon Quaynor

The African Development Bank Group (www.AfDB.org) and the Islamic Development Bank have signed a joint partnership action plan for the development of the pharmaceutical industry sector within their African member countries. The plan offers a new framework for strengthened cooperation and mutual development priorities, with a strong emphasis on boosting…

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

African Development Bank unveils the African Pharmaceutical Technology Foundation at the 2nd International Conference on Public Health in Africa

The Foundation is expected to boost Africa’s access to technology for manufacturing the full range of pharmaceutical products, focusing on building supply chains

The African Development Bank Group (www.AfDB.org) has formally introduced its new initiative that will join hands with the African Union to boost Africa's capacity to produce drugs, vaccines, diagnostics, and therapeutics all along the value chain, to help build its pharmaceutical sector. The African Pharmaceutical Technology Foundation (APTF) was the…

African Development Bank Group (AfDB)

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    • Professor Padmashree Gehl Sampath, Special advisor on pharmaceuticals and health infrastructure to the Bank’s president, Dr. Akinwumi Adesina
    • African Development Bank Group Appoints Professor Padmashree Gehl Sampath as Special Advisor for Pharmaceuticals and Health Infrastructure to Dr. Akinwumi Adesina (1)
    • African Development Bank Group Appoints Professor Padmashree Gehl Sampath as Special Advisor for Pharmaceuticals and Health Infrastructure to Dr. Akinwumi Adesina (2) (FR)
    • African Development Bank Group Appoints Professor Padmashree Gehl Sampath as Special Advisor for Pharmaceuticals and Health Infrastructure to Dr. Akinwumi Adesina (3) (PT)
    • African Development Bank Group Appoints Professor Padmashree Gehl Sampath as Special Advisor for Pharmaceuticals and Health Infrastructure to Dr. Akinwumi Adesina (4) (AR)
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Source: African Development Bank Group (AfDB) |

African Development Bank Group Appoints Professor Padmashree Gehl Sampath as Special Advisor for Pharmaceuticals and Health Infrastructure to Dr. Akinwumi Adesina

Professor Gehl Sampath has also been working with the African Development Bank Group on the conceptualization of the African Pharmaceutical Technology Foundation since 2021

The African Development Bank Group (www.AfDB.org) has appointed renowned Professor Padmashree Gehl Sampath as a special advisor on pharmaceuticals and health infrastructure to the Bank’s president, Dr. Akinwumi Adesina. She will also be leading the technical work related to the setting up of the African Pharmaceutical Technology Foundation, a new pan-African…

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

African Development Fund invests over $6 million to develop the pharmaceutical sector in Southern and Eastern Africa

The project will directly benefit public institutions responsible for the pharmaceutical industry’s development

The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group (www.AfDB.org), on 2 November 2022 in Abidjan, approved a $6.63 million grant to the Common Market for Eastern and Southern Africa (COMESA) to develop the pharmaceutical sector in the sub-region. The…

African Development Bank Group (AfDB)

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    • The Foundation will strengthen bilateral initiatives for local manufacture of pharmaceuticals, such as the recent partnership between BioNTech and Senegal’s Pasteur Institute to produce vaccines against Covid-19. Picture: Akinwumi Adesina visiting Senegal’s Institut Pasteur, January 2022.
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Board approves landmark institution: Establishment of African Pharmaceutical Technology Foundation to transform Africa’s pharmaceutical industry

“Africa can no longer outsource its healthcare security to the benevolence of others” – Akinwumi Adesina

The African Development Bank’s (www.AfDB.org) Board of Directors has approved the establishment of the African Pharmaceutical Technology Foundation, a new groundbreaking institution that will significantly enhance Africa’s access to the technologies that underpin the manufacture of medicines, vaccines, and other pharmaceutical products. African Development Bank Group President, Dr. Akinwumi Adesina…