According to Rwandan President Paul Kagame, Senegal, Rwanda, and South Africa are in talks with investors to start producing coronavirus vaccines in Africa.
“Africa is seeking partners to produce vaccines on our continent,” Kagame said at the Qatar Economic Forum.
In a few months, we should hear a different story,” Kagame said without offering details of how the venture will be financed.
Even though some wealthier countries have vaccinated enough of their citizens against COVID-19 to reopen their economies, the continent of 1.3 billion people has only vaccinated less than 1% of its people
Kagame suggested Monday that a Eurobond might be one way to pay for the establishment of vaccine manufacturers in Africa.
According to him, “Rwanda has a very good credit rating of B+. The Eurobonds are one good option that will provide us with resources we need.”