By BUUMBA CHIMBULUSTANDARD Chartered Bank has committed US$200 million with African Export –Import Bank (Afreximbank) to help finance the acquisition of Covid-19 vaccines for African nations.The collaboration between Standard Chartered and Afreximbank would help ensure that 55 countries across Africa have access to Covid-19 vaccines.This facility would play a part in ensuring that Africa can achieve its Covid-19 strategy, which targets vaccinating a minimum of 60 per cent of its population, according to a statement issued in Lusaka on Wednesday.It stated that the facility was part of the Advance Procurement Commitment (APC) framework structured by Afreximbank in collaboration with the African Vaccines Acquisitions Task Team (AVATT), under which Afreximbank provided a guarantee of US$2 billion to vaccine manufacturers to secure access to Covid-19 vaccines for African nations.Over the last year, Afreximbank has also launched a number of facilities to support its Member Countries.These include the Pandemic Trade Impact Mitigation facility (PATIMFA), under which the bank […]
STANCHART DANGLES $200M FOR AFRICA COVID-19 FIGHT
