IFC, EIB Group and European Commission back Biovac to build Africa's first end-to-end multi-vaccine manufacturing site, advancing vaccine self-reliance
United States, April 16 -- Biovac, a leading African vaccine manufacturer, has secured a major financing package from the International Finance Corporation (IFC), the EIB Group, and the European Commission to build Africa's first end-to-end multi-vaccine manufacturing facility. The project will increase access to life-saving vaccines, strengthen the continent's capacity to prepare for future pandemics, and advance Africa's long-term health resilience.The project will expand Africa's vaccine manufacturing capacity, support equitable access to essential immunisations, and strengthen preparedness for future pandemics. The investment is enabled by a financing package led by IFC as the mandated lead arranger, which includes a $20 million senior ...
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