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Home Economy Socio Economic

AMSP, AVATT to facilitate COVID-19 vaccines pre-orders for AU member states

Johnson Uche by Johnson Uche
January 21, 2021
in Socio Economic, Spotlight
South Africa High commission in Nigeria shuts its offices, South Africa announces 21-day lockdown following spike in Coronavirus cases

South African President, Cyril Ramaphosa.

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African Vaccine Acquisition Task Team (AVATT), the Africa Medical Supplies Platform (AMSP) have commenced the COVID-19 vaccines pre-order programme for all African Union Member States.

It would be recalled that the chairperson of the African Union, President Cyril Ramaphosa, had secured a provisional 270 million COVID-19 vaccine doses for Africa through AVATT, AMSP, on behalf of the Africa Centres for Disease Control and Prevention (Africa CDC).

It is expected that Afreximbank will facilitate payments by providing advance procurement commitment guarantees of up to US$2 billion to the manufacturers on behalf of the member states.

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What they are saying

According to African Union Special Envoy, Strive Masiyiwa:

  • “These are historical times. For the first time in history, Africa has secured access to millions of vaccine doses in the middle of a pandemic as most of Western countries.
  • “There is still a huge shortage of vaccine doses and that is why this continental collaboration has designed a fair allocation coupled with timely and equitable access of COVID-19 vaccines across the continent.”

According to Prof. Benedict Oramah, President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank):

  • “Afreximbank is proud to expand its support to African economies in their bid to contain the pandemic.
  • “ Our vaccine financing facility builds on the success of our Pandemic Trade Impact Mitigation Facility (PATIMFA) to open access to COVID 19 vaccines to African states based on a whole-of-Africa approach favoured by the African Union.
  • “By providing advance procurement commitment guarantees of up to US$2 billion to candidate vaccine manufacturers, Afreximbank will ensure that African States are able to rapidly access COVID-19 vaccines, at competitive prices and in a timely manner thereby contributing to saving lives and livelihoods.”

According to Dr John Nkengasong, Director of Africa Centres for Disease Control and Prevention (Africa CDC):

  • “The biggest challenges to COVID-19 vaccine access in Africa have been financing of the vaccines and the logistics of vaccinating at scale, but we are glad that this gap is being filled by the Afreximbank financing facility.
  • “The critical decision now is how to get started so that once we start there will be no disruptions and this is where AMSP will play a very big role”

According to Fatoumata Bâ, Founder & Executive Chair of Janngo and Managing Partner of Janngo Capital:

  • “From today onwards African Union Member States will be able to start placing online pre-orders for their vaccines allocation through the Africa Medical Supplies Platform.
  • “We are proud to participate in giving direct access to cutting edge COVID-19 vaccines through Africa; This is essential to protect our people and reopen our economies”

What you should know

  • AVATT has secured a provisional 270 million COVID-19 vaccines doses from Pfizer, Johnson & Johnson and AstraZeneca,
  • AMSP – the single-source platform enabling faster, more transparent and cost-effective access to COVID-19 supplies – has opened today pre-orders, offering equitable access of COVID-19 vaccines doses for 55 African Union member states.
  • The Africa Medical Supplies Platform (AMSP) is supporting the vaccination operations by launching a new category on vaccine accessories that will help the member states to procure products such as ultra-low temperature freezers, personal protection equipment, cotton wool rolls, syringes and needles.
  • The Africa Medical Supplies Platform (AMSP) is a non-profit initiative launched by the African Union as an immediate, integrated and practical response to the Covid-19 pandemic.
  • African Vaccine Acquisition Task Team (AVATT) was established by the African Union chairperson, President Cyril Ramaphosa as a component in support of the Africa Vaccine Strategy and was endorsed by the AU Bureau of Heads of State and Government on 20th of August, 2020.

Follow us for Breaking News and Market Intelligence.
Tags: African UnionAfrican Vaccine Acquisition Task TeamCOVID-19 vaccines
Johnson Uche

Johnson Uche

Johnson is a risk management professional and banker with unbridled passion for research and writing. He graduated top of the class with B.sc Statistics from the University of Nigeria and an MBA degree with specialization in Finance from Ambrose Alli University Ekpoma, with fellowships from the Association of Enterprise Risk management Professionals(FERP) and Institute of Credit and Collections management of Nigeria (FICCM). He is currently pursuing his PhD in Risk management in one of the top-rated universities in the UK.

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