Bill & Melinda Gates Foundation commits $200bn to global health

In a groundbreaking announcement marking the 25th anniversary of the Gates Foundation, Bill Gates revealed plans to donate nearly all of his estimated $200 billion fortune over the next two decades to his philanthropic foundation. Gates emphasized a focused approach to philanthropy, stating that the foundation will conclude its operations by 2045. This decision comes at a crucial time amid concerns over declining global aid, with Gates underscoring the urgency of addressing critical global health challenges. In an exclusive interview with CNBC Africa's Zanele Morrison, Gates reflected on the foundation's accomplishments over the past 25 years and outlined his vision for the next phase of their work. The key theme of Gates' commitment is centered around leveraging resources, innovation, and partnerships to significantly improve global health outcomes, particularly for children in Africa. The interview shed light on the importance of collaboration, strategic thinking, and operational acumen in driving successful philanthropic initiatives. Gates highlighted the essential role of governments in supporting primary health care systems and emphasized the critical need for advancing new tools and solutions to combat diseases like malaria and polio. Looking ahead to the next 20 years, Gates expressed optimism in harnessing advancements in science and technology to address pressing health and development challenges on the continent. Reflecting on his mission in Africa, Gates emphasized the continent's central role in the foundation's work, citing both successes and ongoing challenges in delivering life-saving interventions to vulnerable populations. The interview underscored the significance of partnerships, data visibility, and best practice sharing in driving progress and achieving meaningful impact in global health. Gates outlined his aspirations for the future, envisioning a world where diseases like malaria and polio are eradicated, and innovative technologies enhance agricultural productivity, education, and healthcare in Africa. Ultimately, Gates' legacy is tied to the transformative progress achieved in improving health outcomes and empowering communities through pioneering philanthropic efforts. Through strategic philanthropy and collaboration with key stakeholders, Gates aims to leave a lasting impact on global health and development, paving the way for a healthier and more prosperous future for generations to come.