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
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
MTN Zambia launched a Mastercard-powered virtual card enabling secure global online payments for u...
In this week’s Health News Roundup, the U.S. is tightening health aid through bilateral agreements tied to co-financing and measurable targets, while...
Ghana resolves the $750m Afreximbank dispute. This strategic move avoids default and protects the lender’s credit rating from agency...
Ethiopia seeds 2.7M hectares for summer wheat, aiming for 17.5M tons to end import dependency and save ~$1B annually in foreign exchange. High costs...
The talks reportedly aim to boost digital resilience after West Africa’s recent connectivity disruptions. The project would focus on route diversity,...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...