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Ethiopia: Bill Gates Pledges Majority of 200 Bln USD Fortune to Africa

-Gates Foundation celebrate 25th anniversary

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Bill Gates has reaffirmed that the majority of his planned 200 billion USD philanthropic commitment will be directed toward addressing Africa’s most pressing challenges.

The announcement came as the Gates Foundation celebrated its 25th anniversary yesterday at the African Union Headquarters in Addis Ababa under the theme:”25 Years of Progress.”

Speaking at the event, Bill Gates, Co-Chair and Trustee of the Foundation, highlighted the continent’s central role in the Foundation’s future work. “Because of our great partnerships and the scale of challenges here, most of the funding will go to help address the major issues facing Africa,” he said, reiterating his plan to donate nearly all of his estimated 200 billion USD fortune to the Foundation over the next two decades.

Over the past 25 years, the Gates Foundation has disbursed more than 100 billion USD globally, with a significant portion dedicated to reshaping Africa’s health, education, and agricultural systems. Among its most transformative impacts, Gates noted a 70% reduction in HIV-related deaths in Africa, and major gains in maternal and child health, tuberculosis control, and primary healthcare access.

One of the Foundation’s most ambitious new goals is to completely eliminate malaria from Africa within the next decade, by investing in advanced vaccine development and production capabilities across the continent. “We believe we can accomplish more in the next 20 years than we did in the last 25,” Gates remarked.