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Khest Media > Actu > All > Africa: Bill Gates to Give Most of $200 billion Fund to Africa
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Africa: Bill Gates to Give Most of $200 billion Fund to Africa

AllAfrica
Last updated: 03/06/2025
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Bill Gates has urged African leaders to be a half of him in advancing health and pattern on the continent. He says his basis will associate with nations placing folk’s health first.

US billionaire Bill Gates on Tuesday introduced that practically all of his philanthropic Gates Foundation’s $200 billion (€175 billion) endowment shall be spent in Africa over the following two decades.

Gates, who on Might per chance presumably additionally 8 mentioned he would wind down the foundation by 2045, made the pledge while addressing African leaders in Addis Ababa, Ethiopia.

“I recently made a commitment that my wealth will be given away over the next 20 years. The majority of that funding will be spent on helping you address challenges here in Africa,” Gates mentioned as he urged leaders to boost health and pattern thru partnership and innovation.

“By unleashing human potential through health and education, every country in Africa should be on a path to prosperity… and that path is an exciting thing to be part of,” Gates told govt officials, diplomats and health employees.

Gates makes pitch as US govt slashes again

“Investing in primary healthcare has the greatest impact on health and wellbeing,” he mentioned. “With primary healthcare, what we’ve learned is that helping the mother be healthy and have great nutrition before she gets pregnant, while she is pregnant, delivers the strongest results. Ensuring the child receives good nutrition in their first four years as well makes all the difference.”

US businessman-philanthropist Gates singled out Ethiopia, Mozambique, Nigeria, Rwanda, Zambia and Zimbabwe as examples of countries that to his thoughts indicate strong management fostering innovation. He didn’t comment on allegations of authoritarianism and rights abuses in opposition to the governments of, as an illustration, Ethiopia and Rwanda.

“Our foundation has an increasing commitment to Africa,” Gates mentioned. “Our first African office was here in Ethiopia about 13 years ago. Now we have offices in South Africa, Kenya, Nigeria and Senegal. That’s a great way for us to strengthen partnerships.”

Gates’ pitch comes amid halts to US international again on the advice of US President Donald Trump’s donor and worth range oversight advisor, Elon Musk — the enviornment’s richest man — who bragged of “feeding USAID to the wood chipper.”

A present survey in the medical journal The Lancet projected that cuts to American spending on PEPFAR — the program to divulge HIV and AIDS reduction in a international country — might per chance well ticket the lives of 500,000 youngsters by 2030. The journal Nature instructed a sustained stop to US again funding might per chance well consequence in some 25 million extra deaths over 15 years.

The Gates Foundation has invested heavily in projects aimed at reducing childhood and maternal deaths; advancing growth on vaccines for infectious illness, corresponding to malaria or HIV; to boot as lifting melancholy populations out of poverty.

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The basis claims that it has contributed to extra than 100 innovations that have saved extra than 80 million lives, citing partnerships with GAVI and the World Fund to Fight AIDS, Tuberculosis and Malaria.

Gates says ‘rich must silent elevate out extra in philanthropy’

Gates, who made his fortune with the laptop software firm Microsoft and started the Gates Foundation along with his ex-wife, Melinda, has urged diverse well to set folk to spend their money on humanity no longer appropriate private possessions.

When just no longer too long ago requested by The New York Conditions about why he’s donating his fortune he first mentioned, “It makes a big difference to take the money and spend it now versus later,” pointing to its affect on trends in agriculture and AI.

“What am I going to do?” he added, “Just go buy a bunch of boats or something? Go gamble? This money should go back to society in the way that it has the best chance of causing something positive to happen.”

“And I do think good examples influence other people. I think the rich people today should do more philanthropy, and we have some examples of that. And I think the rich people 20 years from now should do more in philanthropy.”

While in Africa, Gates will additionally meet with Ethiopian High Minister Abiy Ahmed and Nigerian President Bola Ahmed Tinubu to discuss AI and health care reform in their respective countries.

Edited by: Elizabeth Schumacher

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