Public Management

Biotechnology company Moderna to supply 110mln doses of Covid-19 vaccine to the AU

Biotechnology company Moderna to supply 110mln doses of Covid-19 vaccine to the AU
Thursday, 28 October 2021 17:41

The African Union (AU) announced it will purchase 110 million doses of covid-19 vaccine from the pharmaceutical company Moderna at the "lowest tiered price". The institution reached a deal to redirect doses initially destined for the U.S. to Africa.

"This is important as it allows us to increase the number of vaccines available immediately. We urge other vaccine-producing countries to follow the lead of the US [government] and give us similar access to buy this and other vaccines." Strive Masiyiwa, the AU coronavirus envoy, said. While 15 million doses will be delivered by the end of the year, 35 million doses will come in the first quarter of 2022, and up to 60 million doses in the second quarter.

For fair access to vaccines

The World Health Organization (WHO) pointed out, during the annual meeting of African health ministers in August, the "shocking inequalities" in accessing vaccines, particularly for Africa. Masiyiwa said the AU was only able to secure the doses with Moderna after South African President Cyril Ramaphosa and Kenyan President Uhuru Kenyatta asked U.S. President Joe Biden to reschedule a new vaccine purchase by the U.S. to allow African countries to obtain vaccines. 

The U.S. delaying its acquisition of 33 million doses will bring Africa one step closer to reaching the herd immunity goal. "We are grateful to have helped negotiate this encouraging step forward between Moderna and the African Union that will significantly expand access to vaccines on the continent in the near-term," said Natalie Quillian, White House's deputy coordinator for Covid-19 response.

Moderna, for its part, wants to support the continent through the COVAX program, which aims to ensure fair access to vaccines at a relatively low price. The pharmaceutical company also expressed its ambition to set up a vaccine manufacturing plant in Africa. Hailing the initiative, the AU said the implementation of this plan would weigh a lot in the decision to purchase 60 million additional doses in the second quarter of 2022.

As a reminder, AU already signed an agreement with the pharmaceutical firm Johnson & Johnson last March for 400 million doses of vaccines. The institution plans to vaccinate 900 million people, or 70% of the continent's population, by September 2022.

Dorcas Loba (intern)

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Moody’s assigns Ba3 rating with stable outlook to BDEAC Rating reflects bank’s regional role, reforms, and strong shareholder backing Move...
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing package to Invictus Investment Company PLC (ADX:...
Burkina Faso restructures public funds into four targeted financing mechanisms New funds aim to streamline spending, improve oversight, and reduce...
Zenith Bank explores East African expansion, holds talks with regulators Denies reports of confirmed Paramount Bank acquisition in...
Most Read
01

(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...

MCB deploys strategic financing to Invictus Investment to scale up its agro-food operations in Africa
02

MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...

Africa HealthTech Bootcamp Opens in Benin With Focus on Regulation and Startup Growth
03

Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...

Nestlé Faces New Claims of Excess Sugar in African Baby Cereals
04

Attack risks internet disruptions; investigation launched near Massakory EU-funded project aims ...

Chad Reports Second Vandalism Attack on Key Internet Cable in Two Weeks
05

China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...

South Africa Loses More Support as Xi Jinping Also Skips the G20 Summit
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.