Africa still at the bottom of Covid vaccine value chain

The covid-19 vaccine provides the means to spur economic growth. [Courtesy]

The dawn of the Covid-19 pandemic resulted in a health crisis and an economic recession all over the world. Of the 170 million confirmed cases reported to date, the highest-burden resides in America, which accounts for 40 per cent, while Africa boasts of a mere 2 per cent. Following the restrictive policies to contain the spread of the virus, the world economy shrunk by 4.3 per cent in 2020 with Africa’s economy shrinking by three per cent over the same period.