IslamicFinance.de

Alwaleed Philanthropies is investing a further $5 million in its partnership with Gavi, the Vaccine Alliance. The foundation will make the investment through Gavi’s INFUSE initiative (Innovation for Uptake, Scale and Equity in Immunization). The grant is part of a range of efforts by Alwaleed Philanthropies to improve routine immunization and builds on the original $1 million investment made in 2015 to support vaccines in Timor Leste, Kiribati, Armenia, Azerbaijan, Moldova and Guyana for the 2016-2020 program. Princess Lamia bint Majid Al-Saud, general-secretary of Alwaleed Philanthropies, announced the partnership at the 7th Tokyo International Conference on African Development. Alwaleed Philanthropies recognize the pressing need to support immunization, as the majority of the world’s population is increasingly living in urban areas, and more than 19.4 million children are still under-immunized.