Bill Gates says nearly all of his wealth will go toward improving health and education across Africa over the next 20 years.
Speaking at the African Union in Addis Ababa, the Microsoft co-founder said his foundation will focus on maternal health, nutrition, and tackling infectious diseases.
Gates, 69, pledged to give away 99% of his fortune—now expected to reach $200bn—by 2045, when the foundation will shut down. “The majority of that funding will be spent on helping you address challenges here in Africa,” he said, adding that “unleashing human potential” through better services can help every country on the continent prosper.
He also urged young African innovators to develop AI tools to improve healthcare, pointing to Rwanda’s use of AI-powered ultrasounds as an example.
The announcement comes as U.S. aid to Africa has been slashed under Donald Trump’s “America First” policy, raising concerns about long-term support for health programs like HIV/AIDS treatment.
Former Mozambican First Lady Graça Machel welcomed the pledge, calling it a much-needed move during a time of crisis.
Gates said he was inspired by Warren Buffett and added: “People will say a lot of things about me when I die, but I’m determined that ‘he died rich’ will not be one of them.”
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