HomeWorld NewsGates Foundation pledges $7bn for Africa as Ukraine crisis disrupts flow of...

Gates Foundation pledges $7bn for Africa as Ukraine crisis disrupts flow of donations

Date:

Related stories

Costa Mesa Approves Live-Work Development

Costa Mesa officials are moving forward with a...

Liberia: ULAA Refutes Claims of Endorsing Vice President Koung for 2029 Election

By Selma Lomax March 17, 2025 MONROVIA – The president of...

Free Things to Do This Weekend Across OC

Consider starting your weekend this Saturday by meditating...
spot_imgspot_img

The Bill & Melinda Gates Foundation said on Thursday it would allocate $7 billion to Africa over the next four years, as Bill Gates warned that the Ukraine crisis was reducing the amount of aid reaching the continent.

The Foundation’s commitment, which is 40% more than the amount spent over the previous four years, will focus on projects that address hunger, disease, poverty and gender inequality. Nigeria, Africa’s most populous country, will take the lion’s share.

Aid groups in Africa are grappling with the siphoning of funds into Ukraine, and the invasion of Russia is raising the prices of goods globally, affecting aid operations.

BILL & MELINDA GATES FOUNDATION DONATES $1B TO PRIORITIZE MATH EDUCATION

“European budgets are deeply affected by the war in Ukraine and therefore at the moment the aid trend is not to increase,” the billionaire co-founder of Microsoft Corp told reporters at the University of Nairobi during a visit to Kenya.

“If you bring all the aid (to Africa), including all the climate aid, we’ll have a few years where it’s probably going to go down.”

MELINDA GATES OPENS UP ABOUT ‘INCREDIBLY PAINFUL’ DIVORCE

A Bill & Melinda Gates Foundation sign is seen taped to a wall on May 4, 2021 in Seattle, Washington.
(David Ryder/Getty Images)

Kenya and much of East Africa are experiencing their worst drought in four decades.

The drought, compounded by conflict and the COVID-19 pandemic, has brought more than 10 million people in the region “to the brink of a hunger crisis,” the US-based Christian aid group said this week. World Vision. The United Nations says it expects famine to be declared in parts of Somalia this year.

CLICK HERE TO GET THE FOX NEWS APP

Following a meeting with Kenyan President William Ruto, Gates said Wednesday that the Foundation would set up a regional office in Nairobi.

“Our foundation will continue to support solutions in health, agriculture and other critical areas, and the systems to get them out of the lab and into the people who need them,” Gates, who runs the foundation with his ex-wife Melinda French. Gates said in a statement.

In 2021, the Foundation provided charitable support of $6.7 billion and last week pledged $1.4 billion to help the world’s small farmers cope with climate change.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here