Skip to content
October 25, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • International News
  • BioNTech gets $145 mln funding for African vaccine plants
  • Business & Economy
  • International News

BioNTech gets $145 mln funding for African vaccine plants

Admin May 29, 2024
vaccine

FILE PHOTO: General view shows the laboratories of BioNTech at their COVID-19 vaccine production facility as the spread of the coronavirus disease (COVID-19) continues, in Marburg, Germany, March 27, 2021. REUTERS/Kai Pfaffenbach

May 29, 2024

COVID-19 vaccine maker BioNTech has secured up to $145 million in funding from a global coalition against infectious diseases to help build a production network in Africa for shots based on cutting-edge messenger-RNA technology.

BioNTech and the Coalition for Epidemic Preparedness Innovations (CEPI) said in a joint statement on Wednesday that the financial support was part of an expanded partnership as the German biotech firm builds an mRNA vaccine factory site in Rwanda’s capital Kigali.

A future African network could produce affordable vaccines to fight malaria, mpox, tuberculosis or other health threats, they added.

The partners said they “intend to work jointly to rapidly respond to outbreaks on the African continent caused by known viral threats, or an as-yet-unknown pathogen with epidemic or pandemic potential”.

The funds pledged by CEPI come on top of up to $90 million that the coalition granted BioNTech in September to support the development of mpox vaccine candidates.

CEPI CEO Richard Hatchett told Reuters that in a health emergency up to half of the Kigali plant’s annual capacity of around 50 million vaccines could be dedicated to making vaccines to respond to the emergency, as part of the funding deal.

He said the money was for speeding up the development of the factory and to add on the capacity to produce material for research and clinical trials for third parties, not for specific vaccine development.

“This is an important step for Africa towards its vaccine goals,” said Hatchett.
BioNTech said in December it aimed to start production at the modular mRNA vaccine factory site in Rwanda in 2025, the first foreign company mRNA vaccine manufacturing site on the continent.

It said at the time it had fully funded the facility, committing a total of $150 million.

The company, which developed the Western world’s most widely used COVID-19 shot with U.S. partner Pfizer, in 2022 laid out an initial plan to enable African countries to produce its shots under BioNTech’s supervision.

Rival Moderna in April paused its plans to build a vaccine manufacturing facility in Kenya, following a post-pandemic decline in demand for COVID-19 vaccines.

REUTERS

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: BioNTech CEPI Moderna Pfizer

Post navigation

Previous Post-COVID: China is back in Africa and doubling down on minerals
Next Court stops Enugu State Government from demolishing transport facility

Related Stories

Swiss telecom giant Sunrise cutting 358 jobs in latest reorganisation
  • Business & Economy

Swiss telecom giant Sunrise cutting 358 jobs in latest reorganisation

October 24, 2026
Lagos Butchers Seek Approval for Pilot Ranching Scheme at Oko-Oba Abattoir Amid Land Delays prevention guild
  • Business & Economy

Lagos Butchers Seek Approval for Pilot Ranching Scheme at Oko-Oba Abattoir Amid Land Delays

October 23, 2026
15 ships ​‌‌‌⁠‍‍⁠⁠‍‌​⁠‌‌‍‌‍‌​to deliver petroleum products to Lagos ports- NPA greater efficiency
  • Business & Economy

15 ships ​‌‌‌⁠‍‍⁠⁠‍‌​⁠‌‌‍‌‍‌​to deliver petroleum products to Lagos ports- NPA

October 23, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

David Umahi: The Deliberate Fratricide, By Valentine Obienyem Dave Umahi
  • Commentaries

David Umahi: The Deliberate Fratricide, By Valentine Obienyem

October 25, 2026
Uduaghan: Statesman, hero, patriot; adieu,  by Ken Ugbechie
  • Commentaries

Uduaghan: Statesman, hero, patriot; adieu,  by Ken Ugbechie

October 25, 2026
Tinubu hits back at opposition: You created the hunger, poverty we are trying to fix
  • Politics

Tinubu hits back at opposition: You created the hunger, poverty we are trying to fix

October 25, 2026
Troops Rescue Over 70 Hostages, Recover ₦10M Ransom, Arrest Key Terrorists Nationwide
  • National News

Troops Rescue Over 70 Hostages, Recover ₦10M Ransom, Arrest Key Terrorists Nationwide

October 24, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.