News Finances

BioNTech Secures $110 Million From EIB and European Commission for Rwanda Vaccine Plant

BioNTech Secures $110 Million From EIB and European Commission for Rwanda Vaccine Plant
Tuesday, 14 October 2025 08:44

• The European Investment Bank (EIB) and the European Commission will provide a blended financing package worth up to €95 million ($110 million) to BioNTech for its mRNA vaccine factory in Kigali.
• The Kigali facility, under construction since 2022, could become Africa’s first commercial mRNA vaccine manufacturing site.
• The project aligns with the African Union’s goal to produce 60% of vaccines used on the continent by 2040.

Since the COVID-19 pandemic, Africa has sought to strengthen its vaccine manufacturing capacity. Currently, the continent produces only about 1% of the vaccines it uses. The African Union aims to raise that figure to 60% by 2040 to boost health security and self-sufficiency.

The European Investment Bank (EIB) and the European Commission announced on October 13, 2025, that they will jointly provide up to €95 million in blended financing to BioNTech SE. The package includes a €35 million grant from the European Commission and a potential €60 million loan from the EIB.

This financing will accelerate the development of BioNTech’s mRNA vaccine manufacturing plant in Kigali, Rwanda. The facility has been under construction since 2022 and aims to produce affordable vaccines targeting major infectious diseases, including malaria, tuberculosis, HIV, and African swine fever, once candidate vaccines receive approval.

If successful, the Kigali site will become the first commercial-scale mRNA vaccine production facility on the African continent.

“The establishment of this pioneering facility in Rwanda as the region’s first mRNA vaccine manufacturing site, built according to globally recognized good manufacturing practices, will strengthen regional vaccine capacity and enable faster responses to public health threats, including emerging epidemics,” said Dr. Amadou Sall, Executive Director for Manufacturing and Supply Chain at the Coalition for Epidemic Preparedness Innovations (CEPI).

In 2024, CEPI granted €130 million to support BioNTech’s African initiative.

According to Dr. Sall, the project “will contribute significantly to the Africa CDC’s goal of producing 60% of the vaccines needed on the continent by 2040, thereby enhancing regional health security and pandemic preparedness.”

Beyond health benefits, the Kigali facility is expected to create local jobs and foster the training of engineers, technicians, and researchers.

SG

 

On the same topic
The Abu Dhabi roundtable yielded $16.4 billion in investment commitments. The IsDB and World Bank pledged over $3.3 billion in...
The new unified platform replaces the NIBSS Instant Payments system. It connects banks, fintechs, and mobile money operators for instant...
Nigeria implemented the National Payment Stack (NPS), a new unified infrastructure, to enhance digital payment interoperability. The NPS offers...
Burkina Faso successfully raised $230.8 million (CFA131.355 billion) through a regional public bond offering. The issuance was oversubscribed at...
Most Read
01

The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...

World Bank sees precious metal prices staying high until 2027
02

Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...

UAE faces backlash over alleged role in Sudan’s gold and arms trade
03

Africa is projected to supply up to 9% of the global rare earths market thanks to announced mines, p...

U.S. Stays Course on African Rare Earths, Despite China Deal
04

Ghana holds talks to address energy debt and tighten sector oversight New inspector, stricter...

Ghana Moves to Rein In $8.4 Billion Energy Debt with Stronger Regulation
05

COBAC raises bank capital requirement to 25 billion CFA francs from 10 billion Compliance dea...

CEMAC Regulator Quadruples Bank Capital Requirement, Matching Regional Trend
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.