Public Management

Russia pledges 25 million doses of Covid-19 vaccine to Egypt

Russia pledges 25 million doses of Covid-19 vaccine to Egypt
Wednesday, 30 September 2020 16:11

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

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• BCEAO holds key rates, citing stable growth and low inflation• WAEMU GDP grows 6.5%; inflation drops to 0.6% in Q2• Risks persist from insecurity,...
• WEF identifies 37 financial instruments for nature, highlighting 10 as priority solutions delivering both financial returns and ecological outcomes.•...
EBRD, EU, GCF, and Canada plan €65 mln ($77 mln) green loan for Crédit du Maroc. Funds to support clean energy, water treatment, and sustainable...
World Bank projects Ivory Coast could achieve 7-8% average annual growth with fiscal mobilization above 15% of GDP. Ivory Coast's tax revenue...
Most Read
01

From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...

Africa's Boundless Future: How a simple mobile phone became a pocket bank for millions
02

Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...

Gabon’s Airtel, Moov to Share Towers Under Govt-Brokered Deal
03

• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...

WAEMU Region Records Second Straight Month of Deflation, at -0.9% in July 
04

Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...

Malawi’s Election Puts Incumbent Chakwera to the Test on Inflation and Fuel Shortages
05

Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...

Saudi Arabia’s 2025 Shopping List Now Includes Industrial Parks in Africa — With a $700 Million Entry Ticket
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.