News
GSK to Slash Cost of Malaria Jab to Less than $5
The manufacturers of the world’s first malaria vaccine are set to slash the price by more than half by 2028 to less than$5 per dose.
The manufacturers of the shot, known as RTS,S, said a phased reduction in cost would begin immediately, with an ultimate aim to reduce the price to less than $5.
The announcement could hardly come at a more critical moment.
Gavi, a major vaccination initiative which funds immunisations in the world’s poorest countries, is facing a major budget crunch.
In Brussels on Wednesday, Gavi’s replenishment event raised $9 billion to fund immunisation programmes over the next five years. While this sounds like a huge sum, it’s significantly less than the $11.9bn the group had been aiming for.
Governments around the world are cutting development spending dramatically.
The UK, for instance, cut its contribution to Gavi by 40 per cent in real terms, telling The Telegraph it was prioritising defence, while the US has pledged nothing at all.
Though America previously gave Gavi roughly $300m a year, the country’s new health secretary claimed without evidence that the organisation was ignoring vaccine safety.
The announcement from the British pharmaceutical giant GSK and Indian drugmaker Bharat Biotech will therefore be a relief to those trying to balance the books.
In a statement the companies said the price reduction demonstrated their “commitment to Gavi”, and was “driven by process improvements, expanded production capacity, cost-effective manufacturing, and minimal profit margins”.
By the time the price has fallen to below $5 per dose, a technology transfer agreement means Bharat will have taken over production, though GSK will continue to supply the adjuvant piece of the shot.
“For us, this is more than a cooperation, it’s a promise,” said Dr Krishna Ella, executive chairman of Bharat Biotech International Limited.
“By joining forces with GSK, and working closely with Gavi, and the WHO [World Health Organization], we are taking a real step toward closing the gap between vaccine supply and the urgent needs of children at risk of malaria.”
Each year, malaria still kills 500,000 people – the vast majority of them children aged five and under in sub-Saharan Africa.
According to WHO estimates, cases and deaths fell significantly between 2000 and 2015, but progress has since stalled.
Some have high hopes that RTS,S, as well as another vaccine called R21 developed by Oxford University, could prove critical in efforts to turn the tide.
In clinical trials, RTS,S reduced hospitalisations for severe malaria by 30 per cent.
But critics say the shot is too expensive and not as effective as existing tools, such as bed nets and antimalarials.
The reduction in price will bring it more in line with the cost of R21, which is priced at around $4 per dose.
Yet the cost will still add up, as both jabs require multiple shots. For RTS,S, this means four doses – the first three doses are given monthly, starting around five months of age, while the fourth dose is administered 15-18 months later.
Both jabs “provide reasonable short term efficacy – over about a year – so are a useful addition to other measures,” said Professor Nick White, a professor at the Mahidol-Oxford Tropical Medicine Research Unit who specialises in malaria.
“In the past GSK had limited production capacity – one of the reasons the R21 was developed. So reducing the price will be good and the two comparable vaccines can fight it out in the market place.”
A spokesperson for Gavi said the alliance’s goal is to “create sustainable demand backed by predictable financing so that companies – like GSK and Bharat – can continue investing in technology transfer and other efficiencies that bring down costs, thus making critical vaccines more available and affordable.
GSK’s decision to lower its prices, the spokesperson added, is “an important step for the global malaria vaccination programme, and our ability to make this lifesaving tool more widely available to those who need it the most”.
Gavi plans to help fund RTS,S in 12 African countries by the end of this year.
Previously, GSK has said it will supply up to 18 million vaccine doses between 2023 and the end of this year.
The company plans to supply 15 million doses annually from 2026-2028, a spokesperson told Reuters.
African technology start-ups will receive a $46 million (€40 million) commitment from EIB Global, the development arm of the European Investment Bank (EIB).
The funds will be deployed through the first Africa-focused investment vehicle from European venture capital (VC) firm Speedinvest.
The Speedinvest Africa Fund, which has a total target size of €200 million, targets companies across innovation hubs in Egypt, Morocco, Nigeria, Kenya, and South Africa.
It also invests in high-potential markets, including Ghana, Côte d’Ivoire, Cameroon, the Democratic Republic of Congo, Tunisia, Tanzania, and Uganda.
The investment strengthens EU–Africa ties, supports digital transformation, and promotes inclusive economic growth, says the EIB.
The strategy is designed to improve digital and financial inclusion while enabling start-ups to scale across borders by strengthening linkages between African and European ecosystems. Technology has the power to turn good ideas into real impact, says Karl Nehammer, vice-president of the EIB.
By backing this vehicle, it is enabling African innovators to scale, access new markets, and build sustainable businesses, says Nehammer.
The fund focuses on technology-enabled and mobile-based services across payments, healthcare, mobility, and education.
This aligns with the EU’s Global Gateway priorities and is expected to deliver social benefits, including job creation for youth and expanded access to digital banking for underserved communities.
At least 30% of the vehicle’s capital will support companies advancing gender equality, including those with women as founders, employees, or consumers.
With EIB Global support, the firm is deepening its long-term commitment to backing founders across Africa while strengthening enduring bridges between Africa and Europe, says Oliver Holle, CEO and managing partner of Speedinvest.
Speedinvest has previously backed African growth-stage companies, including mobility fintech Moove and digital bank FairMoney.
By combining a local presence with a European network of operators, sector expertise, and follow-on capital, the firm aims to help founders scale regionally and internationally, says Holle.
The fund will be managed by partners Deepali Nangia and Rana Abdel Latif, with a new African office planned to support its local operations.
Three individuals connected to a US tech firm have been indicted by the United States Department of Justice (DOJ) for their alleged role in a massive scheme to smuggle billions of dollars worth of restricted Nvidia AI chips to China, bypassing strict export controls.
Nvidia Chip
Prosecutors accuse the suspects of using fake documents, dummy equipment, and even hair dryers to tamper with labels in a bid to dodge compliance checks.
The plot centred on high-performance semiconductors from Nvidia, which are tightly regulated by the US due to fears they could boost China’s military and AI capabilities.
Yih-Shyan “Wally” Liaw, a US citizen and co-founder of California-based Super Micro Computer (a server maker), has been charged alongside two Taiwanese nationals: Ting-Wei “Willy” Sun and Ruei-Tsang “Steven” Chang (who remains at large).
The group reportedly partnered with a Southeast Asian firm to order servers packed with banned chips. They falsified records claiming the gear would stay in Asia, but repackaged and shipped it covertly to China.
Tactics included deploying thousands of fake “dummy” servers for audits, while real restricted tech was diverted. Sun allegedly used household hair dryers to swap serial numbers and labels.
Super Micro Computer confirmed the suspects’ links but stressed it faces no charges and is aiding the probe.
The DOJ estimates the intermediary bought $2.5 billion in equipment, illegally funneling vast amounts of controlled AI tech to China without licences.
This case underscores escalating US-China tech rivalry, where advanced chips are viewed as vital for national security and economic edge.
In a parallel probe, two Chinese nationals were earlier charged for rerouting chips via Malaysia, Singapore, Hong Kong, and mainland China. US authorities warn of tough penalties for evasion.
This development signals intensified global scrutiny on tech supply chains amid superpower tensions.
United Kingdom and Nigeria have agreed on a three-year strategic plan to tackle organised immigration crime and strengthen border security cooperation.
The initiative was announced in a joint statement by the UK Home Office following the state visit of Bola Ahmed Tinubu to the UK.
The agreement was signed by UK Home Secretary Shabana Mahmood and Nigeria’s Minister of Interior, Olubunmi Tunji-Ojo.
According to the statement, the framework focuses on combating visa fraud, improving border management systems, and enhancing legal cooperation between both countries.
Under the plan, Nigeria is expected to review its legal framework to impose stricter penalties on immigration-related offences, particularly those involving forged or fraudulent travel documents.
Both countries also pledged to strengthen laws and enforcement mechanisms governing visa processing and travel documentation.
A key component of the agreement is the expansion of the UK–Nigeria Organised Immigration Crime Unit, with new memoranda of understanding centred on intelligence sharing and joint operations.
The UK government will further support Nigerian border agencies through training programmes and capacity-building initiatives.
The partnership also places emphasis on the protection of vulnerable migrants, particularly women and children, while enhancing research, document verification systems, and migration monitoring processes through the UK–Nigeria Migration, Justice and Home Affairs Dialogue.
Both governments described the agreement as a reflection of their shared commitment to tackling transnational crime and improving migration management through closer collaboration.
The deal forms part of broader engagements during Tinubu’s visit, which focused on strengthening bilateral relations across security, migration, and economic development.
Court Jails ‘Colonel’, ‘Major’ of Global Money-Laundering Ring
Court Bans Kenyan Telcos from Recycling SIM Cards
Providus Bank Fully Meets CBN Capital Requirement, Sets Record Straight
African Tech Start-ups to Receive $46m of Speedinvest Africa Fund
U.S. Charges Three in $2.5 Billion Plot to Smuggle Nvidia AI Chips to China
Kaspersky Discovers New Phishing Campaign Exploiting Google Tasks Notifications to Steal Corporate Credentials
esentry 2025 Report Shows Healthcare, Financial Services and Telecoms as Staging Grounds for Increased Cyberattacks in Africa
AfDB, UNDP Launch $10Bn AI Initiative for Africa
Mutual Benefits Assurance Settles ₦5.9bn Claims in January 2026
MultiChoice Suspends Yearly DStv Price Hike as Canal+ Pushes Growth
E-Financial2 days agoKuda MFB Increases Kuda for Her Business Grants to ₦10 Million
Telecom2 days agoVitel Wireless Lures Subscribers with “Data that Never Expires” Campaign
News2 days agoNSIA Sign MoU with UK’s Asset Green Ltd to Develop $496M Integrated Dairy Livestock Production Platform in Nigeria
News2 days agoBoI, MTN Foundation Launch N1Bn Fund for Women Entrepreneurs
General News2 days agoOne SA Bank Equals Nigeria’s Entire Banking Sector – Why Recapitalisation Is Critical for Global Competitiveness
Broadcasting2 days agoNigeria tops global rankings for USDT, USDC ownership
E-Financial1 day agoCBN Introduces Stricter BVN Rules to Curb Fraudulent Transactions
General News2 days agoLuno Launches First Crypto Prediction Market in Nigeria