Pressdia Ad

AfDB Commits $15 Million to Biovac for Africa’s First End to End Cholera Vaccine Production

The African Development Bank has signed a $15 million financing agreement with South African vaccine manufacturer Biovac to support the development of Africa’s first end to end vaccine manufacturing facility capable of producing oral cholera vaccines, as reported by AfDb and Business Insider Africa. The project is part of a broader effort to strengthen Africa’s pharmaceutical manufacturing capacity and reduce the continent’s reliance on imported vaccines.

The multi vaccine facility, being developed in Cape Town, is expected to be completed by 2028 and will initially focus on oral cholera vaccines before expanding production to other vaccines. Biovac’s planned facility is designed to provide capacity for up to 500 million vaccine doses annually, creating a potential manufacturing base for supplying South Africa and other African markets.

The investment addresses a major weakness exposed by recent health emergencies, when African countries faced severe dependence on overseas suppliers for essential vaccines. Establishing end to end manufacturing capacity on the continent could improve supply security, shorten procurement timelines and strengthen Africa’s ability to respond to cholera outbreaks and other infectious disease threats while developing local pharmaceutical expertise and industrial capacity.

For the African Development Bank, the agreement also advances its wider push to build a more resilient African health industry by directing development finance toward local manufacturing rather than relying primarily on imports. For Biovac and South Africa, the project could position Cape Town as an important vaccine manufacturing hub, while giving African countries greater capacity to produce critical health products within the continent.

Pressdia Ad

Subscribe to Newsletter

Get the latest in luxury, business, and elite trends—subscribe now!

Pressdia Ad

Subscribe

Latest Posts

African Women Turning Creativity Expertise and Enterprise into Lasting Influence

Across entertainment, digital strategy, international education and entrepreneurship, Nigerian women continue...

Africa Tech Festival 2026 Returns to Cape Town to Shape the Continent’s Digital Future

Africa Tech Festival returns to the Cape Town International Convention Centre...

Dangote Refinery IPO Draws Investors From 120 Countries, Securing Participation Across All 54 African Nations

Dangote Petroleum Refinery and Petrochemicals has concluded its landmark initial public...

Lagos Sets December 31 Deadline for Mandatory Health Insurance as Enforcement Begins in 2027

The Lagos State Government has given residents, employers and workers until...

Afreximbank Commits $975 Million to Oryx Energies Buyout, Expanding African Ownership of Energy Assets

The African Export-Import Bank (Afreximbank) has disbursed US$975 million to part-finance...

Nvidia Commits $3 Billion to Meta as AI Partnership Deepens Amid Record Fundraising

Nvidia has agreed to invest US$3 billion in Meta Platforms’ equity...

Dangote Cement Posts $714 Million Nine Month Profit as Earnings Rise 31%

Dangote Cement Plc has reported a profit after tax of ₦974.79...

Wizkid Reportedly Becomes First African Artist to Surpass 12 Billion Spotify Streams

Nigerian Afrobeats superstar Wizkid has reportedly become the first African artist...

Serenia Beach House A Private Coastal Escape in Lagos

Located along the shores of Ilashe Beach in Lagos, Serenia Beach...

Related Posts

LEAVE A REPLY

Please enter your comment!
Please enter your name here