EIB Afreximbank launch $210m africa health resilience investment initiative

Economic news

The European Investment Bank, the world’s largest multilateral bank, and Afreximbank, the pan-African multilateral financial institution, have joined forces to enhance healthcare and pharmaceutical investment across Africa and strengthen health resilience.  EIB to provide $105 million for a health resilience investment initiative while Afreximbank will provide an additional $105 million. At present only a few countries in the region host pharmaceutical production companies. The new initiative will target financing to scale up local production of quality pharmaceuticals.

Source : Market Trends Africa

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