Egypt recently secured an agreement with Russia to produce the Covid-19 vaccine Sputnik V locally. This was announced in a statement published yesterday, April 22, on the website dedicated to information concerning the vaccine.
The agreement was signed between the Russian Direct Investment Fund (RDIF), the Egyptian company Minapharm (specialized in recombinant DNA technology), and its Berlin-based subsidiary ProBioGen AG. Thanks to that agreement, Egypt will produce 40 million doses of Sputnik V every year. According to Russian officials, the vaccines produced through the technology transfer program in Cairo will be rolled out in Q3-2021.
"RDIF is in cooperation with the leading pharmaceutical producers globally as Sputnik V is registered in 61 countries. The Russian vaccine is highly efficient and trusted by regulators around the world and makes a huge contribution in the fight against coronavirus,” said Kirill Dmitriev, CEO of the Russian Direct Investment Fund.
Egypt is the second African country to sign such an agreement. In early April 2021, Algeria announced that it had reached an agreement with Russia in that regard. According to the latest figures from Africa CDC, Africa has recorded 4.4 million positive cases, including 218,902 in Egypt. However, many African countries are still facing difficulties in rolling out their vaccination campaigns because notably of the lack of sufficient vaccines.
Moutiou Adjibi Nourou
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Visit scheduled from February 4 to 6, 2026, at the invitation of President Hakainde Hichilema Tal...
The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...
Nigeria launches mobile app to connect women with economic services Platform targets 25 million women, President Tinubu says App centralizes...
As the continent’s leading importer of milk powder, West Africa is seeing a surge in dairy demand that far outpaces local production. While store shelves...
S&P sees CFA franc devaluation as unlikely as reserves near 5 months of imports and inflation falls below 3%. Monetary calm secures parity, but...
Cape Town will tender an electricity trader mid-Feb 2026 to aggregate multiple producers and unlock ~300 MW of independent power. 2026 water...
Essaouira is a coastal city in Morocco, on the Atlantic Ocean, in the Marrakech–Safi region, about two and a half hours by road from Marrakech. It stands...
The Pan African Film & Arts Festival (PAFF) will run from February 7 to 22, 2026, in Los Angeles, positioning itself as a major soft power platform for...