Public Management

Moderna to establish first Covid-19 vaccine plant in Kenya

Moderna to establish first Covid-19 vaccine plant in Kenya
Wednesday, 09 March 2022 18:07

To address the shortage of Covid-19 vaccines in Africa, Africa CDC says it wants to promote local vaccine production on the continent. The institution seeks to produce 60% of the vaccines used on the continent by 2040, with the support of international partners.

Biotechnology company Moderna announced this week the establishment of its first mRNA vaccine production plant in Kenya. This unit will generate 500 million doses of vaccines annually for use in Africa.

Moderna says the project requires an investment of $500 million. The facility “will focus on drug substance manufacturing on the continent of Africa for the continent of Africa, and could also be expanded to include fill/finish and packaging capabilities at the site,” the statement reads.

"With our mRNA global public health vaccine program, including our vaccine programs against HIV and Nipah, and with this partnership with the Republic of Kenya, the African Union, and the U.S. Government, we believe that this step will become one of many on a journey to ensure sustainable access to transformative mRNA innovation on the African continent and positively impact public health," said Stéphane Bancel, CEO of Moderna.

This investment aligns with both the company’s and African governments’ ambition to ease vaccine access for Africans. In April 2021, African Union leaders and experts discussed the issue of vaccine manufacturing in Africa. The COVID-19 pandemic has highlighted Africa´s vulnerability due to its reliance on imports for most vaccines, medicines, and other health product needs. The United Nations Economic Commission for Africa (UNECA) estimates that Africa imports about 94% of its pharmaceutical and medicinal needs from outside the continent at an annual cost of $16 billion.

Last October, the laboratory BioNTech also announced the installation of a vaccine production plant on the continent (Rwanda and Senegal).

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took over Servair's Ivorian fast-food business hours...
Bank of Africa Senegal Q1 profit rises 9.7% to 5.7bn CFA Revenue and interest income growth drive higher operating income Loans, deposits...
Fidelity Bank raises 227 billion naira from share placement Central bank review trims oversubscribed offering to 87.7% Bank exceeds 500...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inflation and restore access to foreign currency IMF...
Most Read
01

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
02

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
03

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
04

As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...

From South Africa to Egypt: Why Nissan is reshaping its African strategy
05

Mobile phones have become essential tools for work, education, payments and staying connected across...

EU Mandates Removable Phone Batteries. What It Means for Africa’s Device Market 
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.