Saturday, July 13, 2024
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“Africa cannot outsource its healthcare security to the benevolence of others”

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African Development Bank Group President Dr Akinwumi Adesina has said that the most important lesson of the Covid-19 pandemic for Africa is the need to build a defense mechanism against external shocks, especially in healthcare and financial security.
“Investing in health is investing in national security,” Adesina told African leaders, at the opening of the 35th African Union Assembly in the Ethiopian capital. “Africa cannot afford to outsource the healthcare security of its 1.4 billion citizens to the benevolence of others.”
The Bank chief said the continent needed $484 billion over the next three years to address the socio-economic impacts of the Covid-19 pandemic and support economic recovery.
Adesina outlined three strategic priorities for an African healthcare defense system: building quality healthcare infrastructure; developing the continent’s pharmaceutical industry; and increasing the capacity of vaccine manufacturing. He added that the African Development Bank planned to invest $3 billion to support Africa’s pharmaceutical and vaccine manufacturing capacity.

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