Aspen Pharmacare secures €600 million to make vaccines – Health – New Business Ethiopia

The €600 million long-term financing package, which is subject to the fulfillment of certain conditions precedent, is mobilized by IFC, the private sector arm of the World Bank Group. It includes €200 million from IFC’s own account, €156 million from Proparco, a subsidiary of Agence Française de Développement (AFD Group), €144 million arranged by DEG, and €100 million from DFC. It’s the largest healthcare investment and mobilization IFC has led globally to date. (adsbygoogle = window.adsbygoogle || []).push({}); The company is said currently playing a major role producing COVID-19 treatment therapies and vaccines on the African continent. Th…