Covid: Private sector donates N$12m
The fund was established in 2020 by FirstRand Namibia to procure vaccines directly from suppliers and cover the logistical costs of distributing and managing the vaccine roll-out.
14 May 2021 | Health
The private sector has rallied together to support the government’s Covid-19 vaccination roll-out and has donated over N$12 million that will be managed under the Hope (Health Optimisation in a Pandemic Emergency) Fund.
This is in addition to government’s N$583 million budget for the vaccination programme, of which N$484.8 million will be spent on the procurement of vaccines.
The health ministry’s executive director, Ben Nangombe, yesterday said the ministry was reviewing its Covid-19 vaccine procurement structure and negotiating with Chinese and Russian manufacturers.
“We have had good exchanges with a number of manufacturers, including the Chinese and Russians. There is good progress. With one of these manufacturers, we are looking at a period of two or three weeks for the first consignment to arrive,” he said.
Some of this will be financed by the Hope Fund, which was established in 2020 by FirstRand Namibia to procure vaccines directly from suppliers and cover the logistical costs of distributing and managing the vaccine roll-out.
“We are engaging manufacturers directly and once the invoices are submitted to us; we submit that to Hope to make payment. Depending on the quantities, it is most likely to be partial payments and the government will cater for the rest,” Nangombe said.