Business

AfDB assures cash for continent to tackle COVID

KALONDE NYATI, Lusaka
AFRICAN Development Bank (AfDB) will strengthen support to African countries as they tackle coronavirus economic and health impacts with emphasis around investments in domestic vaccine manufacturing. Speaking during the just-ended 56th annual meetings of the bank group, AfDB president Akinwumi Adesina said shareholders have shown strong support for the bank’s proposals to tackle COVID-19 as the continent faces the possibility of a third wave of infection amid poor vaccine access.
Dr Adesina said AfDB will invest heavily in domestic vaccine manufacturing and in Africa’s health care system, noting that only 51 percent of public health facilities have basic water and sanitation and only 31 percent have electricity. He underlined the fact that Africa imports 60-70 percent of its pharmaceutical drugs. “The lives of 1.2 billion people in Africa are at risk… we must give CLICK TO READ MORE


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