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Home Covid-19

Africa Shouldn’t Be Begging For Vaccines, AfDB Says

metro by metro
June 23, 2021
in Covid-19, News
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AfDB

Africa shouldn’t be begging for vaccines, but rather producing them, according to the president of the African Development Bank, Akinwumi Adesina.

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The AfDB will support the continent’s efforts to produce doses as part of the African Union’s vaccines development plan, Adesina said during the opening ceremony of the Abidjan-based lender’s annual meeting Wednesday, reports Bloomberg.
It also intends to commit $3 billion to help advance the pharmaceutical industry in Africa, which produces less than 1% of its vaccines, he told governors in a virtual summit.

Less than 1.1% of the continent’s 1.1 billion inhabitants have received two doses of a vaccine, compared with the U.K. and the U.S., which have fully inoculated about half of their people.
Africa lost as much as $190 billion in gross domestic product to the pandemic and will need about $425 billion by 2030 to support its recovery, Adesina said.

“The recovery is conditional on access to vaccines, and the resolution of Africa’s debt,” he said.

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