Team Europe launches new financing platform to support health security and resilience in Africa

(Credit: Unsplash)

This article is brought to you in association with the European Commission.


  • Sustainable Healthcare Industry for Resilience in Africa (SHIRA) to boost health security and resilience across Africa and address weaknesses highlighted by COVID-19
  • European Investment Bank and European Development Finance Institutions to mobilise private sector financing to improve health security and resilience
  • SHIRA to support broader Team Europe initiative to strengthen manufacturing and access to vaccines, medicines and health technologies in Africa
  • European Commission and European Investment Bank Presidents seek to work with African Partners

Ursula von der Leyen, President of the European Commission and Werner Hoyer, President of the European Investment Bank today 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.

“Increasing investment that strengthens health security is crucial to protect lives and learn from the COVID-19 pandemic. The EIB has unique technical and financial experience in supporting vaccine development, public health and innovation around the world. This promising new scheme to scale up healthcare resilience in Africa provides a clear path to work with African, European and international partners,” said Werner Hoyer, President of the European Investment Bank.

The new SHIRA financing platform was announced at the Global Health Summit taking place today in Rome, alongside other Team Europe initiatives to strengthen vaccine production, medicine manufacturing and health technology development in Africa.

Health challenges highlighted by COVID-19

The COVID-19 pandemic has exposed clear weaknesses in local vaccine manufacturing and pharmaceutical production capacity, leading to shortages and limiting access to health services in Africa. Limited of funding for private sector investment is further preventing treatment and prevention of endemic diseases across Africa and access to affordable health products.

Sustainable Healthcare Industry for Resilience in Africa responds to the clear need to mobilise and enable private sector investment that strengthens health security and resilience across the continent by developing manufacturing and supply capacity.

The new financing platform for health security and resilience in Africa has been developed following in-depth discussions with African and European political and development finance partners.

Unlocking investment in healthcare, vaccine research and skills

The aim is to back new investment to improve health sector preparedness and response, strengthening production of vaccines, diagnosis, treatment and essential equipment including PPE and oxygen, improving vaccine development and specialist skills, and sharing digital e-health and telemedicine best practice.

Long-term financing, investment grants, innovation support and technical assistance will help to address investment challenges and unlock health investment. It will make a significant contribution to achieving sustainable development goals, including SDG 3 ensuring health lives and well-being, SDG 10 reducing inequality, SDG 9 industrialisation and SDG 5 gender equality.

European and African partners are expected to finalise details of the new initiative in the coming months.

Background information

The European Investment Bank (EIB) is the European Union’s bank owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy objectives and achieve the UN Sustainable Development Goals in Europe and beyond. Active in around 160 countries around the world, the EIB supports projects aiming at reducing poverty and promoting climate action, economic resilience and gender equality.

the sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

European Commission increases support for the EU’s beekeeping sector

More protection for our seas and oceans is needed, report finds

Which country offers the cheapest mobile data?

INTERVIEW: ‘Defend the people, not the States’, says outgoing UN human rights chief

10 ways central banks are experimenting with blockchain

Can the US-Iran rapprochement change the world?

DR Congo elections: ‘historic opportunity’ for ‘peaceful transfer of power’ says Security Council

What can be done to avoid the risk of being among the 7 million that will be killed by air pollution in 2020?

Is there a de facto impossibility for the Brexit to kick-start?

How trust and collaboration are key in India’s last mile response to the COVID-19 crisis

Investors must travel a winding road to net-zero. Here’s a map

Engaging women and girls in science ‘vital’ for Sustainable Development Goals

‘No steps taken’ so far to end Israel’s illegal settlement activity on Palestinian land – UN envoy

In visit to hurricane-ravaged Bahamas, UN chief calls for greater action to address climate change

Illegal fishing plagues the Pacific Ocean. Here’s how to end it

How AI and machine learning are helping to fight COVID-19

EU tells Britain stay in as long as you wish

Financing fossil fuels risks a repeat of the 2008 crash. Here’s why

Here are 4 tips for governing by design in the Fourth Industrial Revolution

How curiosity and globalization are driving a new approach to travel

Coronavirus (COVID-19): truth and myth on personal risk perception

The battle for the 2016 EU Budget to shake the Union; Commission and Parliament vs. Germany

Innovation can transform the way we solve the world’s water challenges

#WorldBicycleDay: 5 benefits of cycling

Missile strike kills at least 12 civilians, including children, in Syria’s Idlib: UN humanitarians

4 steps to developing responsible AI

Mental health and suicide prevention – What can be done to increase access to mental health services in my region?

UN chief outlines ‘intertwined challenges’ of climate change, ocean health facing Pacific nations on the ‘frontline’

New US President: MEPs hope for a new dawn in transatlantic ties

Desires for national independence in Europe bound by economic realities

European Union and African Union sign partnership to scale up preparedness for health emergencies

Yemen war: UN chief urges good faith as ‘milestone’ talks get underway in Sweden

Spring 2019 Standard Eurobarometer: Europeans upbeat about the state of the European Union – best results in 5 years

Coronavirus: Commission approves contract with CureVac to ensure access to a potential vaccine

Outbreak of COVID-19: The third wave and the people

A day in the life of a Venezuelan migrant in Boa Vista, Brazil

EU Copyright Directive: Google News threatens to leave Europe while media startups increasingly worry

3 ways to fight short-termism and relaunch Europe

Accountability in Sudan ‘crucial’ to avoid ‘further bloodshed’, says UN rights office

UN committed ‘to support the Libyan people’ as Guterres departs ‘with deep concern and a heavy heart’

Antarctica: the final coronavirus-free frontier. But will it stay that way?

Mario Draghi didn’t do it but Kim Jong-un did

UN chief welcomes G20 commitment to fight climate change

MEPs: Access to adequate housing should be a fundamental European right

More countries are making progress on corruption – but there’s much to be done, says a new report

Mountains matter, especially if you’re young, UN declares

EU food watchdog: more transparency, better risk prevention

Young activists share four ways to create a more inclusive world

The European Sting @ the European Business Summit 2014 – Where European Business and Politics shape the future

More than one million sexually transmitted infections occur every day: WHO

These countries spend the most on education

How a new approach to meat can help end hunger

MEPs cap prices of calls within EU and approve emergency alert system

Electronic cigarettes: is it really a safe alternative to smoking?

China confirms anti-state-subsidy investigation on EU wine imports

Century challenge: inclusion of immigrants in the health system

Here’s how we reboot digital trade for the 21st century

Britain and Germany change attitude towards the European Union

UN, global health agencies sound alarm on drug-resistant infections; new recommendations to reduce ‘staggering number’ of future deaths

Ten new migratory species protected under global wildlife agreement

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s