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…

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…

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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…

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    • African Development Bank Group signs Memorandum of Understanding with ECOWAS for $3.56 million grant to develop West Africa pharmaceutical industry
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Source: African Development Bank Group (AfDB) |

African Development Bank Group signs Memorandum of Understanding with ECOWAS for $3.56 million grant to develop West Africa Pharmaceutical Industry

The project's total cost is $3.77 million, to which the ECOWAS Commission will provide $200,000 in cash and $400,000 in-kind

The African Development Bank (www.AfDB.org) and the Commission of the Economic Community of West African States (ECOWAS) have signed a memorandum of understanding for $3.56 million in grant funding to support the development of pharmaceutical industries in West Africa. Lamin Barrow, Managing Director of the Bank for Nigeria and Mamadou…

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),…

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…

Source: African Development Bank Group (AfDB) |

UN GA 2021: Africa cannot outsource its health to the rest of the world, African Development Bank head says during panel on closing the health gap

The 76th General Assembly of the UN takes place this year against the Covid-19 pandemic, which has hit African economies badly, despite the overall lower death toll on the continent

Global leaders, in a sideline event on health during the United Nations General Assembly, voiced the urgent need to scale up Covid-19 vaccine production and access in the wake of a pandemic that has caused unprecedented economic loss and bankrupted health care systems in Africa. The Future Investment Initiative Institute…

Source: African Development Bank Group (AfDB) |

African Union holds global conference to accelerate African vaccine development and manufacturing capacity

The meeting was attended by several African heads of state, health, finance and trade ministers from across the continent

African leaders assembled at a global meeting to discuss the status of local pharmaceutical manufacturing on the continent, underscored the need to increase local production of vaccines and therapeutics to achieve greater public-health security. “The production of vaccines and access to vaccines is an absolute priority,” Cyril Ramaphosa, President of…

Source: African Development Bank Group (AfDB) |

African Development Bank President calls for Global Vaccine Solidarity and Justice for Africa

Acquiring vaccines has significant implications for African countries

African Development Bank (www.AfDB.org) President Dr. Akinwumi Adesina has called for vaccine justice for Africa. Speaking at the launch of the Bank’s African Economic Outlook 2021 report on Friday, Adesina decried the lack of Covid-19 vaccines reaching Africa. “We need global solidarity and vaccine justice for Africa,” Africa’s premier development…