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News Wire / health

South African Vaccine Manufacturer Secures 1.8 Billion UAH Funding

SAfm Cape Town 17d Impact 8
South African vaccine manufacturer BioVac has secured a financing package of 1.8 billion UAH from the International Finance Corporation, the European Commission, and the European Investment Bank. The company will build Africa's first end-to-end multi-vaccine manufacturing site in Cape Town. This initiative aims to enhance self-reliance in vaccine production for Africa, addressing gaps identified during the COVID-19 pandemic.

Topics

vaccine production public health investment

Developing

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Sources · 7 independent

SAfm

“The vaccine manufacturer BioVac is said to employ over 700 high-end skilled individuals. It has secured a financing package of 1.8 billion UAH from the International Finance Corporation, the European Commission, and the European Investment Bank.”

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