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Joint investment plan to boost vaccine manufacturing capacity in Africa
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Office of Press Relations
press@usaid.gov
Today, the United States International Development Finance Corporation (DFC) in collaboration with the World Bank Group, Germany, and France, announced a joint investment to boost vaccine manufacturing capacity in Africa. As Vice Chair of DFC’s Board of Directors, I was proud to vote yes on this deal. This financing will enable a South African business to ramp up manufacturing capacity and produce more than 500 million doses of the Johnson & Johnson vaccine by the end of 2022.
If the COVID-19 pandemic has revealed anything, it’s that vaccine manufacturing must be dramatically scaled up. Africa currently imports 99 percent of its vaccines. The United States is committed to sustainably boosting Africa’s vaccine manufacturing capacity and vaccine access, while taking bold, immediate action to help African nations fight COVID-19.