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
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...
Kenyaplans to build a 1.2-gigawatt gas-fired power plantat Dongo Kunduin Mombasa. The project could require $2.9 billion in investmentand...
Resolute Miningapproved a $516 million final investment decisionto build the Doropogold mine in Côte d’Ivoire. The project aims to produce...
Morocco joined the Global Marine Commodities 2 (GMC2)program to promote sustainable fisheries and responsible marine supply chains. The...
Gulfcam plans to acquire six vessels to strengthen container transport between Kribi and Douala. The company aims to handle up to 50% of freight...
With much of Africa’s cultural heritage still held outside the continent and restitutions in Europe moving slowly, a South African video game imagines...
Paris exhibition showcases Brazilian painter Gonçalo Ivo’s Africa-inspired works Show runs March 20-July 9 at La Maison Gacha Exhibition...