IFC and Rwanda Partner to Develop Vaccine Manufacturing Capacity

 IFC and Rwanda Partner to Develop Vaccine Manufacturing Capacity

IFC and Rwanda Partner to Develop Vaccine Manufacturing Capacity.

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IFC and the Rwanda Development Board have signed a partnership agreement to develop vaccine manufacturing capacity in Rwanda and contribute to expanding vaccine production in Africa.

As part of the partnership, IFC will support Rwanda to conduct diagnostic and feasibility studies to ensure the right technical and policy frameworks needed to establish a world-class vaccine manufacturing supply chain in Rwanda are in place to produce vaccines for use in Rwanda and to export across Africa.

The partnership will focus on supporting Rwanda’s recently announced association with BioNTech, a leading biotechnology company, and the kENUP Foundation to explore establishing end-to-end manufacturing capability for mRNA vaccines.

Other potential vaccine and pharmaceutical production facilities, including a fill-and-finish facility, are expected to be co-located with BioNTech in the Kigali Special Economic Zone.

 Rwanda Development Board (RDB) Deputy CEO, Zephanie Niyonkuru said Rwanda is pleased to partner IFC in the manufacturing of vaccine for African market.

 “Rwanda aims to produce high-quality vaccines for the African market. A production facility like the one envisaged in this collaboration agreement advances this objective. We are pleased to have IFC as a strategic partner,” said Niyonkuru

 Samuel Dzotefe, IFC’s Acting Regional Industry Director for Manufacturing, Agribusiness and Services in the Middle East and Africa said the partnership will enable Africa to have its self-reliable vaccine supply in future.

“A resilient Africa needs to develop and maintain its own reliable vaccine supply and health industry. This partnership with the Rwanda Development Board is a vital step toward helping Africa build vaccine manufacturing capacity to respond to COVID-19 and future pandemics,” said Dzotefe

The World Bank Group has been scaling up support to countries to produce, acquire and deliver vaccines, particularly in Africa.

 As of July 29, 2021, the World Bank approved operations to support vaccine rollout in 54countries globally, amounting to $4.6 billion to help countries purchase and distribute vaccines and to address readiness issues.

To support this work, IFC is working with governments and the private sector to support pharmaceutical and related vaccine manufacturing projects

Africa depends on other countries for 99 percent of its vaccine supply. The African Union and the Africa Centers for Disease Control and Prevention are aiming to have 60 percent of Africa’s routine vaccines produced locally by 2040. Africa CDC has identified Rwanda, Senegal, and South Africa as potential regional vaccine manufacturing hubs in Africa.

Louis Schoeman

Louis is a freelance writer that has been featured on investing.com, entrepreneur.com, marketwatch.com, benzinga, seekingaplha. Louis focusses on helpful news and tips on cfd’s, forex trading and crypto. When he is not writing world class articles, he is an avid trader in crypto.

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