Over $1 billion pledged to create ‘African vaccine market’

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Three quarters of this funding will come from Europe, Macron told the summit, which was also attended by leaders from African countries.

World leaders, health groups and pharmaceutical firms announced $1.2 billion in funding at a summit Thursday to produceThe African Vaccine Manufacturing Accelerator “will be an essential step towards a genuine African vaccine market,” French President Emmanuel Macron said at the opening of the summit in the Paris.

The new scheme aims to move vaccine production to Africa to give the continent more sovereignty — and avoid history repeating. He announced a production chain for cholera vaccines to be launched in Africa by the South African biopharmaceutical firm Biovac.The Gavi vaccine alliance, which helps distribute jabs for more than 20 different diseases to poorer countries, was one of the organisers of Thursday’s Global Forum for Vaccine Sovereignty and Innovation.

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