News affecting your trades: Covid-19 vaccines, and more

 News affecting your trades: Covid-19 vaccines, and more

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Africa to receive 50m Covid-19 vaccines for health workers

Africa does not have a considerable amount of options as far as the Covid-19 vaccine is concerned, and conditions are worsening in many parts of the continent with the continued spread of the virus in the second wave of the pandemic.

However, some hope is kindled by Pfizer and BioNTech having offered to provide 50m Covid-19 vaccines to health workers across the continent. These are expected between March and the end of the year, according to the South African presidency. Neither Moderna nor AstraZeneca have supply for Africa, and upon enquiry, the African Union was directed to negotiate with the Serum Institute of India, in charge of manufacturing the vaccine on behalf of AstraZeneca.

The response was delivered by Pres Cyril Ramaphosa, the chairperson for the African Union, after days of criticism on the vaccine strategy from health leaders, labour unions and opposition parties. Although four vaccine trials are under way in SA, an arrangement could only be made to purchase shots that would cover 10% of SA’s 60m people through the Covax initiative.

SA to start trading under new UK and Africa deals

SA was set to start trading under two new agreements made on Friday. The first goods began to flow under an Africa-wide free-trade pact. The UK completed its separation from the EU on Friday and, as per the accords with which the separation was done, exports can continue seamlessly between Africa and the UK, with additional legal and administrative processes put in place for preferential trade under the African Continental Free Trade Area.

Chris Louw

https://sashares.co.za/

Featured Financial Writer for SA Shares - Read more about Chris's Bio -

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