The announcement came during a tour of the facility in Embakasi, Nairobi, led by Health Principal Secretary Harry Kimutai and World Bank Vice President for Human Development Mamta Murthi.
The Kenya BioVax Institute is spearheading the project, aiming to initially fill and package imported vaccines within the next five years.
This critical step towards vaccine self-sufficiency aligns with Kenya’s aspiration to meet its growing demand for vaccines, currently estimated at 16 million doses annually and projected to reach 25 million in the coming years.
“The World Bank is one of the biggest supporters of our journey to vaccine production,” said Mr. Kimutai, acknowledging the institution’s significant contribution. The facility boasts two filling lines, boasting the capacity to fulfill the anticipated demand.
This initiative comes at a pivotal moment, following the recent news of WHO approval for a Kenya-tested malaria vaccine.
The development of local vaccine production capabilities promises to strengthen Kenya’s healthcare system and contribute to broader regional and continental health security.
Specialist agricultural investor AgDevCo has announced a $9.5 million mezzanine loan investment in Agventure, a Kenyan farmer-owned business pioneering regenerative agriculture in non-irrigated cereal-based systems.
The European Investment Bank (EIB) has announced a €15 million investment in the newly established I&P Afrique Entrepreneurs 3 (IPAE 3) fund, managed by Investisseurs & Partenaires.
OfferZen, a South African developer hiring marketplace, has secured $4.3 million in funding from Invenfin and AI Capital. This comes alongside a strategic shift in their business model and a change in leadership.
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