Russia says it will give 25 million doses of its Covid-19 vaccine -Sputnik V- to Egypt. The news was reported today September 30 by the Russian Sovereign Fund (RDIF) in a statement.
Pharco, a major pharmaceutical group in Egypt, will be in charge of managing the doses once the distribution is authorized. The operation is expected to benefit about 25% of the country’s population.
Russian President Vladimir Putin touted the effectiveness of this solution against the coronavirus pandemic. In August, Russian authorities approved the distribution of the remedy within the country after conducting small-scale tests on humans. Recently, the vaccine has entered the final phase of clinical trials, which will confirm its efficacy in at least 40,000 people.
The new agreement between RDIF and Pharco comes at a time of diplomatic and economic rapprochement between the two countries. According to Moscow, other countries neighboring Egypt will also benefit from Sputnik V. On August 11, Vladimir Putin revealed that 20 countries have already pre-ordered more than a billion doses.
As a reminder, to date, Egypt has 103,079 cases of covid-19 with 5,914 deaths and 96,094 recoveries.
Moutiou Adjibi Nourou
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
MTN Ghana completes separation of mobile money into new entity Move aims to boost fintech growth ...
Duma Gideon Boko visits France for economic and diplomatic engagements Business talks focus on investment, infrastructure, and digital...
WAF produced 107,728 ounces of gold in Q1 2026 Kiaka mine now accounts for the majority of output Company remains on track to meet annual...
Sonangol orders two LNG carriers worth about $511 million New vessels to support exports from Angola LNG project Move aligns with...
Speculative funds increased net long positions in wheat futures to a six-year high of 117,375 contracts. Wheat prices rose to $6.1 per...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...