Public Management

Covid-19: Egypt to produce Sputnik V vaccines locally

Covid-19: Egypt to produce Sputnik V vaccines locally
Friday, 23 April 2021 15:02

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

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Togo raises $53M via bonds and bills, surpassing 30B XOF target Auction saw 160.86% bid coverage; OATs issued at 6.25% for three years Total...
Africa’s instant payment systems processed 64 billion transactions worth $1.98 trillion in 2024, according to AfricaNenda. The continent counted...
EIB and ZICB to mobilize €30M for Zambian agribusiness SMEs 30% of funds reserved for women-led enterprises; €4M risk-sharing...
IFC lends 170 million rand to Lula to boost digital, unsecured SME lending 80% of funds will support micro and small enterprises Deal strengthens a...
Most Read
01

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
02

DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...

DRC in Talks with Alibaba, Isoftstone to Develop a Chinese-Style E-Commerce Model
03

West African officials met in Lomé to improve municipal finances for crisis response Talks focuse...

West African Officials Draft Crisis-Proof Budget Strategy in Lomé
04

Launch led by Maroc Telecom, Orange, and Inwi Rollout targets 25% coverage by end-2025 under Digi...

Morocco Launches 5G Nationwide Ahead of 2025 Africa Cup of Nations
05

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
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.