By Simba Niyongabo
Addis Ababa, Ethiopia – Microsoft co-founder Bill Gates is calling on the world’s wealthiest individuals to step up their philanthropic efforts and contribute more to solving global challenges. His comments come as he pledges the majority of his foundation’s $200 billion endowment towards initiatives in Africa over the next two decades.
Gates, who founded the Gates Foundation with his then-wife Melinda, has long been a vocal advocate for using wealth to address pressing issues. In a recent interview with The New York Times, he emphasized the urgency of philanthropic action. “It makes a big difference to take the money and spend it now versus later,” he stated, highlighting the potential impact on advancements in areas such as agriculture and artificial intelligence.
When questioned about his decision to donate his fortune, Gates quipped, “What am I going to do? 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.” He believes that setting a positive example can inspire others. “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.”
During his current trip to Africa, Gates announced that the Gates Foundation will dedicate the bulk of its $200 billion endowment to the continent over the next 20 years. Addressing African leaders in Addis Ababa, he stated, “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.”
He urged African leaders to prioritize health and development through partnerships 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 government officials, diplomats, and health workers.
Gates is also scheduled to meet with Ethiopian Prime Minister Abiy Ahmed and Nigerian President Bola Ahmed Tinubu to discuss advancements in AI and healthcare reform within their respective countries.
The commitment to Africa underscores Gates’ belief in the continent’s potential and his dedication to supporting its progress. He emphasized the importance of collaboration, stating that the Gates Foundation will actively partner with nations that prioritize the health and well-being of their citizens. With this significant pledge, Gates hopes to inspire other wealthy individuals and organizations to invest in Africa’s future and contribute to a more equitable and prosperous world.
