- Warhammer maker Games Workshop enters London's top stocks index
- Iran Nobel winner released for three weeks, 'unconditional' freedom urged
- Red Cross marks record numbers of humanitarians killed in 2024
- Johnson's Grand Slam 'no threat', says World Athletics boss Coe
- Qatar's emir and UK's Starmer talk trade as state visit ends
- Cuba suffers third nationwide blackout in two months
- Russia, Ukraine to send top diplomats to OSCE summit in Malta
- Spanish royals to attend memorial service for flood victims
- LPGA, USGA new policy requires female at birth or pre-puberty change
- Stick to current climate change laws, US tells top UN court
- British Museum chief says Marbles deal with Greece 'some distance' away
- Pope Francis receives electric popemobile from Mercedes
- Gaza civil defence: thousands flee Israeli strikes, evacuation calls
- Trump names billionaire private astronaut as next NASA chief
- Pidcock to leave INEOS Grenadiers at end of season
- Seoul stocks weaken, Paris advances despite political turmoil
- South America summit hopes to seal 'historic' trade deal with EU
- DAZN awarded global TV rights for Club World Cup
- Top executive shot dead outside New York hotel
- Vaping while still smoking unlikely to help quitters: study
- British Museum chief says Parthenon Marbles deal with Greece 'some distance' away
- 'Creating connections': Arab, African filmmakers gather at Morocco workshops
- Iran frees Nobel winner for three weeks, sparking calls for 'permanent' release
- Brazil's Minas cheese gets added to UNESCO list
- Top US executive shot dead in New York City: media
- Trump's nominee to run Pentagon hangs by a thread
- GM announces more than $5 bn hit to earnings in China venture
- World chess champ Ding, teen challenger tied past halfway mark
- Georgia police raid opposition offices as PM vows to curb protests
- S. Korea opposition begins push to impeach president
- Syrian army fights rebel offensive with counterattack
- France court upholds Polanski acquittal in defamation case
- UK bans daytime TV ads for cereals, muffins and burgers
- Palace's Guehi to face no formal action over 'Jesus' message on rainbow armband
- UK faces trade balancing act with Trump, EU
- Iran releases Nobel Peace laureate Mohammadi on medical leave: lawyer
- UNESCO grants heritage status to Aleppo soap as Syria war flares
- Ghana's illegal mining boom seeps into presidential election
- Inconsistent Spurs 'progressing in all aspects': Postecoglou
- France's Orano says Niger junta controls uranium firm
- Seoul stocks weaken, Paris edges up tracking political turmoil
- China reports warmest autumn since records began
- French marine park to close over law banning killer whale shows
- Thousands march demanding S. Korea president resign over martial law debacle
- Taiwan romance novelist Chiung Yao dies at 86
- In Angola, Biden promises to invest differently to China
- Syrian army launches counteroffensive against rebels
- Evenepoel says 'long journey' ahead after postal van collision
- South Korea's day of rage as Yoon's martial law founders
- UK police question killer nurse Letby over further baby deaths
RBGPF | -1.64% | 61 | $ | |
CMSC | 0.15% | 24.596 | $ | |
RELX | 0.94% | 47.93 | $ | |
RYCEF | 1.46% | 7.55 | $ | |
NGG | -1.32% | 62.15 | $ | |
SCS | -0.52% | 13.45 | $ | |
BTI | 0.35% | 37.16 | $ | |
RIO | -0.28% | 63.33 | $ | |
GSK | -1.23% | 34.475 | $ | |
CMSD | 0.23% | 24.365 | $ | |
BCC | -0.49% | 145.72 | $ | |
VOD | -0.4% | 8.795 | $ | |
BP | -1.05% | 29.145 | $ | |
JRI | -0.59% | 13.46 | $ | |
BCE | -1.71% | 26.85 | $ | |
AZN | -2.35% | 66.49 | $ |
Over $1 billion pledged to create 'African vaccine market'
World leaders, health groups and pharmaceutical firms announced $1.2 billion in funding at a summit Thursday to produce vaccines in Africa, which is facing numerous health crises including rising cholera outbreaks.
The African Vaccine Manufacturing Accelerator "will be an essential step towards a genuine African vaccine market," French President Emmanuel Macron said at the opening of the summit in the Paris.
Three quarters of this funding will come from Europe, Macron told the summit, which was also attended by leaders from Botswana, Rwanda, Senegal, Ghana, as well as visiting ministers, health groups and pharmaceutical firms.
Germany will contribute $318 billion to the scheme, German Chancellor Olaf Scholz said in a video message.
France put in $100 million and the UK $60 million, while other donors include the United States, Canada, Norway, Japan and the Gates Foundation.
The scheme "could become a catalyst for promoting the pharmaceutical industry in Africa and fostering collaboration between member states", African Union commission Moussa Faki Mahamat told the summit.
Africa imports "99 percent of its vaccines at an exorbitant cost", he added.
The Covid-19 pandemic shone a light on the unequal global distribution of vaccines, as wealthy countries home to big pharma firms snapped up most doses, leaving Africa far behind.
The new scheme aims to move vaccine production to Africa to give the continent more sovereignty -- and avoid history repeating.
"When the next pandemic hits, even if our leaders in the rich Western countries are angels, the pressure to hold on to your own vaccines, for your own people, is always going to be irresistible," British Foreign Secretary David Cameron told the summit.
A recent resurgence of cholera in many parts of Africa has highlighted the need for more local vaccine producers. Only one firm in the world -- South Korea's EuBiologics -- makes the cheap and effective vaccine doses for the deadly disease.
Macron called for cholera to be "consigned to the past", adding that outbreaks were now affecting "half of Africa".
He announced a production chain for cholera vaccines to be launched in Africa by the South African biopharmaceutical firm Biovac.
- $9 billion sought -
The Gavi vaccine alliance, which helps distribute jabs for more than 20 different diseases to poorer countries, was one of the organisers of Thursday's Global Forum for Vaccine Sovereignty and Innovation.
At the forum, Gavi announced it is seeking to raise $9 billion to fund its vaccine programmes from 2036 to 2030.
The US will contribute $1.58 billion to the Gavi effort, first lady Jill Biden said in a video message, with more commitments expected later Thursday.
Gavi chair Jose Manuel Barroso said that "one million children vaccinated since 2000 is an incredible achievement".
C.Meier--BTB