Nairobi-Kenya.
Biovac, an\u00a0IFC\u00a0client, has begun clinical trials for South Africa\u2019s first domestically developed oral cholera vaccine\u2014a landmark achievement for Africa\u2019s health security. This innovation promises faster, more reliable access to vaccines during cholera outbreaks and reduces dependence on imports. If approved, the vaccine could be available by 2028.
\u00a0IFC\u2019s Role: Driving Local Vaccine Manufacturing Capacity
For the past three years,\u00a0IFC\u00a0has been at the center of Biovac\u2019s growth story:
Led a consortium of local and international development finance institutions (DFIs), including South Africa\u2019s Industrial Development Corporation (IDC) and the European Investment Bank (EIB), to mobilize financing for Biovac\u2019s expansion.
In\u00a02023,\u00a0IFC\u00a0committed a\u00a0US$7 million loan\u00a0(in rand equivalent) to support Biovac\u2019s scale-up and is providing advisory services for a new multi-vaccine manufacturing plant in Cape Town.
This plant will\u00a0triple Biovac\u2019s manufacturing capacity, add\u00a04\u20135 new vaccines, and support both\u00a0traditional and mRNA platforms\u2014a game-changer for Africa\u2019s health resilience.
\u00a0Why It Matters
These efforts align with the World Bank Group\u2019s broader priorities: building domestic vaccine and pharmaceutical manufacturing, and strengthening regulatory, delivery, and financing systems to ensure real health system preparedness.
\u00a0Here is the link to the\u00a0report cited –\u00a0https:\/\/abcnews.go.com\/Technology\/wireStory\/biovac-starts-trials-south-africas-domestically-developed-cholera-127416629<\/p>\n\n\n\n
About IFC: The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. IFC works to create markets and opportunities in developing countries. The organization’s efforts are aimed at supporting inclusive, safe, and productive work environments globally.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nairobi-Kenya.Biovac, an\u00a0IFC\u00a0client, has begun clinical trials for South Africa\u2019s first domestically developed oral cholera vaccine\u2014a landmark achievement for Africa\u2019s health security. This innovation promises faster, more reliable access to vaccines during cholera outbreaks and reduces dependence on imports. If approved, the vaccine could be available by 2028.\u00a0IFC\u2019s Role: Driving Local Vaccine Manufacturing CapacityFor the past …<\/p>\n","protected":false},"author":1,"featured_media":18762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/18761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18761"}],"version-history":[{"count":2,"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/18761\/revisions"}],"predecessor-version":[{"id":18764,"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/18761\/revisions\/18764"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=\/wp\/v2\/media\/18762"}],"wp:attachment":[{"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}