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$4bn to produce coronavirus vaccine in Africa


The Egyptian government has said it is necessary to unite African efforts to confront the coronavirus and limit its health, social and economic effects on the continent’s people. Mohamed Maait, the Egyptian Minister of Finance and chairman of the General Assembly of the African Export-Import Bank, backed the bank’s view on the need for African countries to cooperate in financing a coronavirus vaccine — at an estimated cost of $4 billion in Egypt and South Africa. During his meeting with Benedict Oramah, chairman of the board of directors of the African Export-Import Bank, and his accompanying delegation, the minister affirmed the Egyptian government’s keenness to enhance economic cooperation with African countries. This included African integration as the main pillar for maximizing capabilities and supporting development efforts to meet the aspirations of the African people and revitalize intra-African trade.

Arab News - September 12, 2020

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