African Vaccines Manufacturing Accelerator: Team Europe announces over €750m

The African Vaccine Manufacturing Accelerator is expected to purchase more than 800 million doses produced in Africa over the next decade. It also has the potential to improve African pandemic and outbreak preparedness and response and support global health security. For these purposes, it will make more than €1 billion ($1.1 billion) available to manufacturers as a way of offsetting high start-up costs and providing assurance of demand. The initiative will diversify the set of global vaccine suppliers with a target of at least four African vaccine manufacturers entering the market in a sustainable way.

Background

Supporting vaccine production while promoting equitable access to essential health products, technologies and primary healthcare services is an opportunity to target several development objectives and geopolitical priorities shared by the EU and the African Union. These include job creation, diversification of global value chains and innovation.

As part of the EU’s Global Gateway strategy, the EU, its Member States and European financial institutions have been investing in Africa’s vaccine manufacturing capacity using a 360-degree approach. Through the MAV+ initiative, Team Europe is working to create an enabling environment for the industry, support training a skilled workforce in the sector, strengthen the regulatory environment and support African research and technology transfer. This flagship initiative ultimately promotes equitable access to quality, safe, effective and affordable health products. Including the AVMA contribution, Team Europe is dedicating a total of around €2 billion to this agenda in close collaboration with African and international partners.

AVMA contribution amounts are defined in US dollars, the euro amounts are based on an average historical rate.

More information

• Manufacturing and Access to Vaccines, Medicines and Health Technologies in Africa