• By The Financial District

Gates Foundation Pledges $7-B For African Nations

On a visit to Kenya, Bill Gates announced his foundation will spend $7 billion to improve health, gender equality and farming in Africa, Evelyne Musambi reported for the Associated Press (AP).



Photo Insert: The new funding from the Gates Foundation comes as countries in East Africa and the Horn of Africa face the worst drought in decades.



The new pledge will be spent over the next four years and is in addition to existing Bill & Melinda Gates Foundation funding to strengthen health systems across the continent.


“Africa’s young people have the talent and opportunity to accelerate progress and help solve the world’s most pressing problems,” Gates said.



The new funding comes as countries in East Africa and the Horn of Africa face the worst drought in decades.


“We will invest in local institutions and new collaborations that build the long-term resilience needed to make these crises less frequent and less devastating,” Gates Foundation CEO Mark Suzman said.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

In Kenya, Gates visited primary healthcare centers, leading medical and agricultural research institutes, and smallholder farms. During the visits he learned from partners about “what programs and approaches are making an impact, what obstacles remain, and how the foundation can better support future progress,” the foundation said in a statement.



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