MasterCard Foundation, Africa CDC Launch Initiative to Acquire COVID-19 Vaccine for 50 Million People

Ayodeji Ake

The MasterCard Foundation has announced it will deploy $1.3 billion over the next three years in partnership with the Africa Centres for Disease Control and Prevention (Africa CDC), to save the lives and livelihoods of millions of people in Africa and hasten the economic recovery of the continent.

According to the President and CEO of the MasterCard Foundation, Reeta Roy, Saving Lives and Livelihoods initiative will acquire vaccines for at least 50 million people, support the delivery of vaccinations to millions more across the continent, lay the groundwork for vaccine manufacturing in Africa through a focus on human capital development, and strengthen the Africa CDC.

“Ensuring equitable access and delivery of vaccines across Africa is urgent. This initiative is about valuing all lives and accelerating the economic recovery of the continent. In the process, this initiative will catalyze work opportunities in the health sector and beyond as part of our Young Africa Works strategy.

“The African Union’s goal as set out in the African COVID-19 vaccine development and access strategy is to vaccinate at least 60 percent of its population approximately 750 million people or the entire adult population of the continent by the end of 2022. To date, less than two percent of Africans have received at least one vaccine dose” she said.

The Director of the Africa CDC, Dr. John Nkengasong, said the new partnership will build on the efforts of the COVID-19 Vaccines Global Access facility (COVAX), the COVID-19 African Vaccine Acquisition Task Team (AVATT), and the global community to expand access to vaccines across Africa.

“Ensuring inclusivity in vaccine access, and building Africa’s capacity to manufacture its own vaccines, is not just good for the continent, it’s the only sustainable path out of the pandemic and into a health-secure future, this partnership with the MasterCard Foundation is a bold step towards establishing a new public health order for Africa, and we welcome other actors to join this historic journey.

“In 2020, Africa faced its first economic recession in 25 years due to the pandemic. The African Development Bank has warned that COVID-19 could reverse hard-won gains in poverty reduction over the past two decades and drive 39 million people into extreme poverty in 2021.

“Widespread vaccination is recognised as being critical to the economic recovery of African countries. The initiative builds on an earlier collaboration between the MasterCard Foundation and the Africa CDC to expand access to testing kits and enhance surveillance capacity in Africa” he said.