The Bill Gates Foundation will invest $200 billion over the coming 20 years to promote global health and the majority of which will go to Africa.
The focus will be on partnering with governments that prioritize the health and well-being of their people, the richest man on earth said.
Speaking at an event organised at the African Union headquarters in Addis Ababa, the capital of Ethiopia, marking the 25 Years of Gates Foundation services in the continent, Gates urged African leaders to seize the moment to accelerate progress in health and development through innovation and partnership, despite current headwinds.
U.S. billionaire Bill Gates recently made a commitment that his 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 said.
Addressing over 12,000 government officials, diplomats, health workers, development partners, and youth leaders in person and online, he underscored the critical role of African leadership and ingenuity in driving the continent’s health and economic future.
“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 said.
Following his address, Gates joined Paulin Basinga, the foundation’s Africa director, in a fireside chat to discuss Africa’s development agenda and the investments and partnerships needed to drive future progress.
Calls for collaboration and shared responsibility were delivered by prominent African leaders, including Dr. Ngozi Okonjo-Iweala, director-general of the World Trade Organization, and Amina J. Mohammed, deputy secretary-general of the United Nations.
Renowned advocate for women and children, Mrs. Graça Machel, described the current situation as “a moment of crisis” and emphasised the importance of enduring partnerships in Africa’s development journey.
“Mr Gates’ long-standing partnership with Africa reflects a deep understanding of these challenges and a respect for African leadership, ideas and innovation,” she said.
“We are counting on Mr Gates’ steadfast commitment to continue walking this path of transformation alongside us.”
MG/as/APA