Ursula von der Leyen, President of the European Commission and Werner Hoyer, President of the European Investment Bank outlined a new initiative to boost financial and technical support to enhance health resilience and improve healthcare skills across Africa.
The Sustainable Healthcare Industry for Resilience in Africa (SHIRA) financing platform will enable political and development finance partners to coordinate and strengthen health security and resilience in Africa.
SHIRA will support wider Team Europe engagement by mobilising private sector investment by providing long-term financing to scale up investment in medical research, diagnostic and treatment facilities and local healthcare supply chains.
Under the new partnership the European Investment Bank, European Development Finance Institutions and other African and international partners will mobilise financing for new investment essential to improve access to affordable healthcare and share technical best-practice to address healthcare weaknesses highlights by the ongoing COVID-19 pandemic.
“Europe and Africa stand side by side in the battle against COVID-19 and to strengthen health resilience in the future. This new platform will support the Team Europe Initiative on manufacturing and access to vaccines, medicines and health technologies in Africa” said Ursula von der Leyen, President of the European Commission.