AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

NAIROBI: US vaccine maker Moderna announced Monday that it would build its first mRNA jab-manufacturing facility in Africa after signing an agreement with Kenya's government to produce up to 500 million doses a year.

The company said it expected to invest $500 million (460 million euros) in the new facility, which will produce vaccines for the continent of 1.3 billion people whose population has been largely shut out of access to Covid jabs.

"Battling the Covid-19 pandemic over the last two years has provided a reminder of the work that must be done to ensure global health equity. Moderna is committed to being a part of the solution," the company's CEO Stephane Bancel said in a statement.

Moderna said it hopes to use the facility to supply doses of its Covid-19 jab to African nations as early as next year, in a bid to boost vaccine coverage on the world's least immunised continent.

Limited number of Moderna COVID shots to be available for Spanish citizens in China

"Moderna's investment in Kenya will help advance equitable global vaccine access and is emblematic of the structural developments that will enable Africa to become an engine of sustainable global growth," Kenya's President Uhuru Kenyatta said.

More than a year after the world's first Covid-19 shot was administered and two years into the pandemic itself, just 12.7 percent of Africans have been fully immunised, according to the Africa Centres for Disease Control and Prevention (CDC).

The pandemic has exposed Africa's huge dependence on imported vaccines and its tech weakness compared with Europe, China and the United States.

Moderna's announcement follows a decision by the World Health Organization to create a global mRNA vaccine hub in South Africa last year, with Kenya among six African nations selected to be the first recipients of technology aimed at enabling local manufacturers to make jabs.

WHO chief Tedros Adhanom Ghebreyesus has repeatedly called for equitable access to vaccines in order to beat the pandemic, and attacked wealthy nations for hogging doses.

Currently only one percent of the vaccines used in Africa are produced on the continent.

African -- and other developing -- nations are pushing at the World Trade Organization for a temporary intellectual property waiver to allow the generic production of Covid-19 vaccines and treatments.

Europe -- the home of some of the major companies behind the vaccines -- has opposed the move, arguing that the first priority was to build up production capacity in poorer countries.

Comments

Comments are closed.