Foreign Exchange Rates

DStv Advert_090724

DStv Advert_090724

SBT Tanzania Advert_291123

Thursday 17 February 2022

PRESIDENT SAMIA SEEKS EU FUNDS FOR COVID VACCINES MANUFACTURING


Tanzania plans to start manufacturing Covid-19 vaccines in a move aimed at cutting the cost of importing them.

President Samia Suluhu Hassan has asked the European Union to consider funding the plan as the country seeks to become a major exporter of vaccines in East and Southern Africa.

“Tanzania wishes to submit a proposal on the same, and I am looking forward to facilitation of this idea into a fruitful project. I trust this plan, when implemented, will open new avenues to deepen our ties,” President Samia told the European Council president Charles Michel during a visit to Belgium.

Read: Tanzania to manufacture Covid-19 vaccine

Tanzania estimates to spend about Tsh216 billion ($93 million) by 2030 importing vaccines, which the President says underlies “the importance of building local manufacturing capacity.”

According to a statement released on Wednesday by the Director of Presidential Communications Zuhura Yunus, Tanzania has received development assistance from the EU worth more than 2.3 billion euros ($2.6 billion) since 1975.

No comments:

Post a Comment