Leveraging African solidarity, the initiative aims to implement a pan-African self-reliance strategy to halt COVID-19 pandemic
Ahead of an expected surge in cases of COVID-19 in Africa, the African Union and the Africa Centres for Disease Control and Prevention (Africa CDC) have launched a public-private partnership with the AfroChampions Initiative, known as the Africa COVID-19 Response Fund.
The partnership aims to raise an initial US$ 150 million for immediate needs to prevent transmission and up to US$ 400 million to support sustainable medical response to the COVID-19 pandemic by pooling the resources required for the procurement of medical supplies and commodifies; supporting the deployment of rapid responders across the continent as well as providing socio-economic support to the most vulnerable populations in Africa.
H.E Cyril Ramaphosa, Chairperson of the African Union and President of the Republic of South Africa commended the effort and welcomed the creation of the joint AU-Africa CDC-AfroChampions partnership
“While we continue to welcome expertise and feedback from regions already engaged in the fight against the coronavirus, we must also establish an autonomous strike force. “Other regions in the world are already paying a heavy tribute to Covid 19 and their support will be limited. Therefore, African money and African expertise must be mobilized” Mr Ramaphosa said.
The Africa COVID-19 Response Fund is a financial instrument to mobilise and manage funds from the private sector in Africa, and other well-wishers with the support of several African banks. The Fund will operate under the supervision of the African Union through its public health institution Africa CDC, which will determine priority interventions and actions.
Priority actions will include the purchase and distribution of key equipment for diagnosis, treatment and protection of caregivers, as well as implementing a broad awareness campaign on prevention among African populations.
Socio-economic activities impacted
In addition to medical response, part of the funds raised will be allocated for supporting the most fragile communities, in the least developed African countries, whose socio-economic activities have been impacted significantly by measures taken to mitigate the effects of the pandemic.
“There is a race against time to prepare and protect our communities. Africa must fight this as one and no country on our continent should be left behind. “We must coordinate efforts of Member States, African Union agencies, World Health Organization, and other partners to ensure synergy and minimise duplication. “We must also promote evidence-based public health practice for surveillance, prevention, diagnosis, treatment, and control of COVID-19,” said Dr John Nkengasong, Director of the Africa Centres for Disease Control and Prevention.
Advisory Board – Response Fund
An advisory board consisting of public and private sector representatives has been established to oversee management of the Fund, together with an experts’ panel, both composed of committed parties with experience in fund-raising and public sensitization.
“The time has come for Africa to deploy forward-looking measures. We must start from now to strengthen our capacities in diagnostic tests, drug manufacturing and health infrastructure. “Not only can the African private sector contribute to this fund, it should also consider other actions like prevention campaigns in companies, redeployment of production lines towards equipment and products needed against the pandemic, optimisation of transport and connectivity infrastructure to support health emergencies,” said Paulo Gomes, Vice Chair of the AfroChampions Initiative and former Executive Director at the World Bank, who has joined the advisory board.
Seed Funding
Several African countries have already provided seed funding to the Fund including South Africa, the Democratic Republic of the Congo, Egypt, Kenya and Mali. Private sector partners that have already signed up for this initiative include: Africa Health Business, Global Infectious Disease Services, SpeakUpAfrica or Talamus Health Incorporated.
African banks such as Ecobank, Standard Bank and Equity Bank; private equity funds such as RH managers; philanthropic organisations like the Africa Public Health Foundation; private leaders from the UNDP African Influencers for Development Group.
“To every person and every organization that is keen to be involved, please be certain that there is a role for you – and join this movement quickly in order to multiply its impact,” said H.E. President, Cyril Ramaphosa.
- Donations to The African Union COVID-19 Response Fund can be made to
- Account Name: AU Support Against COVID-19
- Bank name: ECOBANK Kenya Ltd
- Bank Code: 043
- Bank branch: Westlands
- Branch Code: P13
- Account Number: 6640002533
- Account Currency: US Dollar
- Swift code: ECOCKENA
- For further information please contact:
- Dr Mahlet Kifle Habtemariam I Principal Program Officer I Africa CDC I Tel (251) 94016 6435 E-mail: MahletKifle@africa-union.org
- Mr. Djoudalbaye Benjamin | Head of Policy and Health Diplomacy | Africa CDC| Tel (251) 929033109| E-mail: BenjaminD@africa-union.org |
- Mrs. Wynne Musabayana | Head of Communication | Directorate of Information and Communication | African Union Commission | Tel: (251) 11 551 77 00 | E-mail: DIC@africa-union.org | www.au.int|Addis Ababa | Ethiopia
- Directorate of Information and Communication | African Union Commission I E-mail: DIC@african-union.org I Website: https://au.int/en/covid19I Addis Ababa | Ethiopia Follow Us: Facebook | Twitter | LinkedIn | YouTube
The post African Union and African private sector launch COVID-19 Response Fund appeared first on Ghana Talks Business.
Source : African Media Agency (AMA)
