Categories: BusinessEconomy

EXCLUSIVE African Union to buy up to 110 million Moderna COVID-19 vaccines -officials

WASHINGTON, Oct 26 (Reuters) – The African Union (AU) intends to buy up to 110 million doses of COVID-19 vaccine from Moderna Inc in an arrangement brokered in part by the White House, which will defer delivery of some doses intended for the United States to facilitate the deal, officials told Reuters.

The AU’s doses will be delivered over the coming months, with 15 million arriving before the end of 2021, 35 million in the first quarter of next year and up to 60 million in the second quarter.

“This is important as it allows us to increase the number of vaccines available immediately,” AU coronavirus envoy Strive Masiyiwa said in an email. “We urge other vaccine producing countries to follow the lead of the (U.S. government) and give us similar access to buy this and other vaccines.”

Masiyiwa said the Moderna purchase represented the first time the 55-member AU had secured vaccines that were not fully produced in Africa.

The new shipments of vaccine are well below what Africa needs to vaccinate its 1.3 billion people, who have had far less access to the life-saving vaccines than more prosperous parts of the world. Getting access to Moderna vaccines adds diversity to the AU’s vaccine supply with different storage requirements.

The Biden administration is deferring delivery of 33 million doses it had bought from Moderna to give the AU its “spot in line” to make a purchase, according to Natalie Quillian, the White House’s deputy coordinator for COVID-19 response.

“We are grateful to have helped negotiate this encouraging step forward between Moderna and the African Union that will significantly expand access to vaccines on the continent in the near-term,” Quillian said.

The United States, which has seen more than 700,000 people die from COVID-19, is flush with vaccines. The delayed Moderna deliveries will not have an impact on efforts to provide booster shots to already inoculated Americans, Quillian said.

Moderna said it was working to make it possible to fill doses of its COVID-19 vaccine in Africa by 2023 and has plans to build a manufacturing plant on the continent.

“This is the first step in our long-term partnership with the African Union,” Moderna Chief Executive Stéphane Bancel said in a statement, referring to a Memorandum of Understanding to make up to 110 million doses for the AU.

Last month, the AU accused COVID-19 vaccine manufacturers of denying African countries a fair chance to buy vaccines and urged manufacturing countries, in particular India, to lift export restrictions on vaccines and their components.Reporting by Jeff Mason Editing by Robert Birsel

Our Standards: The Thomson Reuters Trust Principles.

This article was originally published by Reuters.

Global Business Magazine

Recent Posts

UAE Unveils Landmark R&D Tax Incentive Framework to Boost Innovation Economy

New regime offers up to 50% tax relief, setting the stage for research-led growth and…

2 weeks ago

Dubai’s Bankers Assess Post-Conflict Reality as Economic Pressures Mount

Tourism slowdown, real estate stress, and financial volatility drive calls for policy intervention Nearly a…

2 weeks ago

Dubai Strengthens Supply Chain Resilience: Dubai Chambers, DP World & Dubai Customs Engage 100 Companies

In a strategic move to reinforce global trade resilience and enhance logistics efficiency, Dubai Chambers,…

2 weeks ago

Dubai Real Estate Sales Plunge Over 40% Amid Middle East Conflict, Investors Turn Cautious

Dubai’s once-booming real estate sector is witnessing a sharp slowdown, with property sales dropping by…

2 weeks ago

Dubai luxury property market brings developer sales of AED10.92 billion in March

Keturah analysis shows developer transaction volume climbed 42% YoY with a week of the month remaining…

2 weeks ago

ED Flags Indians Buying Dubai Property via Credit Cards: FEMA & RBI Rules Explained

In a significant regulatory development, the Enforcement Directorate (ED) has begun scrutinizing Indian residents who…

3 weeks ago