MasterCard to Deploy $1.3 Billion in Partnership with Africa CDC to Save Lives and Livelihoods

MasterCard to Deploy $1.3 Billion in Partnership with Africa CDC to Save Lives and Livelihoods

Kudos to BCW Member MasterCard that announced this week a major initiative by its MasterCard Foundation to deploy $1.3 billion over the next three years in partnership with the Africa Centres for Disease Control and Prevention (Africa CDC) to save the lives and livelihoods of millions of people in Africa and hasten the economic recovery of the continent.

The Saving Lives and Livelihoods initiative will acquire vaccines for at least 50 million people, support the delivery of vaccinations to millions more across the continent, lay the groundwork for vaccine manufacturing in Africa through a focus on human capital development, and strengthen the Africa CDC.

“Ensuring equitable access and delivery of vaccines across Africa is urgent. This initiative is about valuing all lives and accelerating the economic recovery of the continent,” said Reeta Roy, President and CEO of the Mastercard Foundation. “In the process, this initiative will catalyze work opportunities in the health sector and beyond as part of our Young Africa Works strategy,” she added.

The new partnership builds on the efforts of the COVID-19 Vaccines Global Access facility, the COVID-19 African Vaccine Acquisition Task Team and the global community to expand access to vaccines across Africa. The African Union’s goal as set out in the African COVID-19 Vaccine Development and Access Strategy is to vaccinate at least 60 percent of its population – approximately 750 million people or the entire adult population of the continent – by the end of 2022. To date, less than two percent of Africans have received at least one vaccine dose.

“We heartedly commend the leadership of MasterCard for this unprecedented international initiative to help the African continent recover from this terrible pandemic,” said BCW President and CEO Marsha Gordon.

By | 2021-06-10T13:36:58-04:00 June 10th, 2021|News|0 Comments

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