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Bank provides $200 million for vaccines

Bank provides $200 million for vaccines

STANDARD Chartered Bank has revealed that it is providing $200 million in not-for-profit funding to the African Export-Import Bank's (Afreximbank) COVID-19 vaccine procurement framework for Africa. The facility is part of Afreximbank's Advance Procurement Commitment framework, under which it has provided a $2 billion guarantee to manufacturers to secure access to vaccine doses for African nations, Standard Chartered said in a statement. "The speed of vaccine rollout is not only a healthcare issue but is increasingly a differentiator of near-term, post-pandemic economic recovery for African nations," said Simon Cooper, Standard Chartered's Chief Executive for Corporate, Commercial, and Institutional Banking. Africa…
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