Bill Gates announced that the majority of the Gates Foundationβs planned $200 billion in charitable spending over the next two decades will be directed toward Africa, with a major focus on improving healthcare, education, and economic opportunities across the continent. Speaking at the African Union headquarters in Ethiopia, Gates said the foundation will prioritize efforts to reduce child and maternal deaths, combat infectious diseases, strengthen healthcare systems, and expand access to life-saving medical technologies. He emphasized that investments in health and education can help unlock long-term economic growth and improve quality of life for millions of people throughout Africa.
The announcement comes as Gates continues his pledge to give away nearly all of his personal fortune during his lifetime. He stated that the Gates Foundation plans to spend approximately $200 billion by 2045 before eventually closing its doors. Gates also praised several African nations for their innovation and progress in public health, highlighting how local leaders and communities are developing solutions to major challenges. The funding is expected to support partnerships with governments, researchers, and nonprofit organizations working to reduce poverty, improve healthcare access, and create opportunities for future generations across the continent.