Business A.M
No Result
View All Result
Wednesday, February 25, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Finance

Covid-19: World Bank, African Union agree modalities to deploy 400m J&J vaccine in Africa

by Admin
January 21, 2026
in Finance, Frontpage
  • Nigeria, 54 others assured they can access, finance vaccines they need

 

 

The President of the World Bank, David Malpass, and his senior management team comprising Axel van Trotsenburg and Makhtar Diop met with the African Union’s Covid-19 Vaccine Acquisition Task Team (AVATT) to discuss modalities for a partnership that will accelerate deployment of 400 million dozes of Johnso & Johnson (J&J) vaccine to Africa.

Covid-19: World Bank, African Union agree modalities to deploy 400m J&J vaccine in Africa
The World Bank team and the AVATT team agreed to fast track all administrative procedures in order to ensure vaccines get into countries as early as possible.

 

With the global lender’s decision to partner AVATT, Nigeria and 54 other African countries, who are members of the African Union, can be assured they can both access and finance the vaccines they need.

 

In a historic Covid-19 vaccine procurement agreement signed on 28 March, the AVATT had previously successfully secured up to 400 million doses of the Johnson and Johnson single-shot Covid-19 vaccine, with the support of the African Export-Import Bank (Afreximbank). Afreximbank had provided a US$2 billion guarantee on behalf of the African Union (AU) member states, to help put Africa in a strong negotiating position with vaccine producers. No deal would have been possible for AVATT without a strong financial backing, Benedict Oramah, the bank’s president had said.

 

John Nkengasong, Director of the African Centres for Disease Control and Prevention (Africa CDC) and member of the AVATT, said, the J&J doses are a critical step towards the continental goal of vaccinating at least 60 per cent of Africans.

 

“Reaching this target is a prerequisite to saving African lives and livelihoods, safely reopening our economies and resuming our economic development agenda,” the Africa CDC director said.

 

With over 41 African countries at different stages of finalising their orders for purchasing the vaccine, and with vaccination momentum growing, experts believe it is essential that countries feel they can get sufficient doses quickly and in an affordable way.

 

According to Strive Masiyiwa, African Union Special Envoy and coordinator of the AVATT, the World Bank’s decision to partner with AVATT on the heels of the US announcement about dose sharing means African countries, especially, can be assured they can both access and finance the vaccines they need.”

 

Under the AVATT structure, AU member states are allocated vaccines according to the size of their populations for purchase through a pooled procurement mechanism. These vaccines complement the vaccines offered through the COVAX Facility, which has set out to deliver vaccines for up to 30 per cent of participating countries’ populations, to enable the AU Member States to reach the continental target.

 

President Cyril Ramaphosa of South Africa, Chair of the African Union, established the AVATT on 6 November 2020, mandating it to ensure equitable access to COVID-19 vaccines for AU Member States and provide the required financing.

 

 

Once the vaccines arrive in the member states, additional efforts will be required to support their deployment. This includes in-country distribution (logistics and storage in line with the cold-chain requirements), securing the required systems, capacities and capabilities for vaccination. It also includes targeted research and campaigns to identify and address vaccine hesitancy through clear and targeted risk communication and community engagement. These activities will require a significant lift by countries; the additional support is going to be critical.

 

Looking ahead, Vera Songwe, the United Nations Under-Secretary General and Executive Secretary of the United Nations Economic for Africa (ECA) recalled that the pandemic served to expose vulnerabilities already existing in Africa’s health systems which were well document in the ECA’s Health and Economic Growth in Africa (HEGA) report in 2019. She noted that the African Continental Free Trade Area (AfCFTA) now provides the platform for building a resilient and inclusive health system, with local production of vaccines, medicines and medical equipment on the continent.

Admin
Admin
Previous Post

Nigeria flags off construction of its $7bn NLNG Train 7 project

Next Post

World Economic Forum kicks off first African CFR for SDGs in Ghana

Next Post

World Economic Forum kicks off first African CFR for SDGs in Ghana

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Equities rally opens debate over risk controls in stock market

Equities rally opens debate over risk controls in stock market

February 25, 2026
PalmPay deepens customer engagement with #LoveWithPalmPay campaign 

PalmPay deepens customer engagement with #LoveWithPalmPay campaign 

February 25, 2026
Lafarge strengthens trade partnerships at 2025 Customer and Transporter Awards

Lafarge strengthens trade partnerships at 2025 Customer and Transporter Awards

February 24, 2026
Nigerian Breweries deepens route-to-market initiative at 2025 Distributor Awards

Nigerian Breweries deepens route-to-market initiative at 2025 Distributor Awards

February 24, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Equities rally opens debate over risk controls in stock market

Equities rally opens debate over risk controls in stock market

February 25, 2026
PalmPay deepens customer engagement with #LoveWithPalmPay campaign 

PalmPay deepens customer engagement with #LoveWithPalmPay campaign 

February 25, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M