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International Business Times
International Business Times
Business
Anne Padieu and Daniel Lawler

Over $1 Billion Pledged To Create 'African Vaccine Market'

The African Vaccine Manufacturing Accelerator 'will be an essential step towards a genuine African vaccine market', said Macron (Credit: AFP)

World leaders, health groups and pharmaceutical firms announced $1.2 billion in funding at a summit Thursday to produce vaccines in Africa, which is facing numerous health crises including rising cholera outbreaks.

The African Vaccine Manufacturing Accelerator "will be an essential step towards a genuine African vaccine market," French President Emmanuel Macron said at the opening of the summit in the Paris.

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