{"id":67373,"date":"2021-06-11T10:35:26","date_gmt":"2021-06-11T08:35:26","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=67373"},"modified":"2021-06-11T10:35:26","modified_gmt":"2021-06-11T08:35:26","slug":"mastercard-allocates-1-3-bn-for-backing-africas-recovery-from-covid-19","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/mastercard-allocates-1-3-bn-for-backing-africas-recovery-from-covid-19\/","title":{"rendered":"Mastercard allocates $1.3 bn for backing Africa\u2019s recovery from COVID-19"},"content":{"rendered":"

The Mastercard<\/a> Foundation has announced that it will deploy $1.3 billion over the next three years in partnership with the Africa Centers 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.<\/p>\n

The\u00a0Saving\u00a0Lives and Livelihoods\u00a0<\/em>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.<\/p>\n

\u201cEnsuring 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,\u201d said Reeta Roy, President and CEO of the Mastercard Foundation. \u201cIn the process, this initiative will catalyze work opportunities in the health sector and beyond as part of our Young Africa Works strategy,\u201d she added.<\/p>\n

The African Union\u2019s goal as set out in the African COVID-19 Vaccine Development and Access Strategy is to vaccinate at least 60 percent of its population \u2013 approximately 750 million people or the entire adult population of the continent \u2013 by the end of\u00a02022. To date, less than two percent of Africans have received at least one vaccine dose.<\/p>\n

The new partnership builds on the efforts of the COVID-19 Vaccines Global Access facility (COVAX), the COVID-19 African\u00a0Vaccine\u00a0Acquisition Task Team (AVATT), and the global community to expand access to vaccines across Africa. The number of vaccines available to Africa represents\u00a0a small portion of the global supply and the financial costs to purchase, deliver, and administer vaccines remain significant. The Africa CDC is calling on governments, global funders, the private sector, and others to help meet this goal.<\/p>\n

\u201cEnsuring inclusivity in vaccine access, and building Africa\u2019s capacity to manufacture its own vaccines, is not just good for the continent, it\u2019s the only sustainable path out of the pandemic and into a health-secure future,\u201d said Dr. John Nkengasong, Director of the Africa CDC. \u201cThis 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.\u201d<\/p>\n

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 recognized as being critical to the economic recovery of African countries.<\/p>\n

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. Through the Foundation\u2019s support, the Africa CDC\u2019s Partnership to Accelerate COVID-19 Testing (PACT) deployed nearly two million COVID-19 tests and more than 12,000 trained health care workers and rapid responders across Africa. In total, the PACT has enabled over 47 million COVID-19 tests across the continent.<\/p>\n

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The Mastercard Foundation has announced that it will deploy $1.3 billion over the next three years in partnership with the Africa Centers 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. The\u00a0Saving\u00a0Lives and Livelihoods\u00a0initiative will acquire vaccines […]<\/p>\n","protected":false},"author":410,"featured_media":67376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6038,984],"tags":[6348,8520,9101],"yoast_head":"\nMastercard allocates $1.3 bn for backing Africa\u2019s recovery from COVID-19 - Csr Egypt<\/title>\n<meta name=\"description\" content=\"The Mastercard Foundation announced that it will deploy $1.3 billion over the next three years to help Africa's recovery from the pandemic .\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/mastercard-allocates-1-3-bn-for-backing-africas-recovery-from-covid-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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