Bill Gates announces $5 billion investment for Africa’s development


Bill_Gates_June_2015Bill Gates while delivering the Nelson Mandela Annual Lecture on July 17 in Africa announced an investment of $5 billion for the development of Africa in the next five years .

The investment will be done by the foundation, which is headed by the Microsoft founder and his wife and their major focus is on health.

Gates, who is in Africa to attend a global AIDS conference called his memories of meeting with Mandela and how the African kind heart inspired him to fight against the problem of HIV-AIDS. “What we talked about most was the stigma around AIDS. So I remember in 2005 very clearly, when his son died of AIDS. Rather than stay silent about the cause of his son’s death, Nelson Mandela announced it publicly, because he knew that stopping the disease required breaking down the walls of fear and shame that surrounded it,” Gates told at the University of Pretoria.

Gates said that the world needs to come up with creative ways to make HIV treatment and prevention available in the continent otherwise “the hard-earned gains made against HIV in sub-Saharan Africa over the last 15 years could actually be reversed.” 

Gates also recalled his talks with Mandela on the power of youth and said the continent, demographically is world’s youngest continent, reports say. “By 2050, 40 percent of the world’s children will live on this continent,” he quoted. He further praised Africa for showing a notable progress in fighting AIDS.

“Our duty is to invest in young people, to put in place the basic building blocks so that they can build the future. And our duty is to do it now because the innovations of tomorrow depend on the opportunities available to children today,” Gates said whose speech largely focused on the youth of Africa.

Gates’ foundation had earlier also invested $9 billion in the continent.