The Gates Foundation to Finance Programs to Help Africa Feed Itself

Posted: May 9, 2015 in Business
Tags:

In recent years, the African economy has begun to improve, with their per capita income growing at a rate that is close to that of the rest of the world. West Africa is seeing a middle class starting to emerge, and countries like Ethiopia and Liberia, some of the severely poor countries, are making rapid progress. With the rapid economic growth, one question that arises is will the widespread famine end.

The Bill and Melinda Gates Foundation hopes to help with this issue. Traditionally the foundation has donated billions of dollars to help reduce the disease that has plagued the continent. Recently, the couple spent more than $3 billion on grants to finance programs to help Africa feed itself. The grants are dedicated to funding scientific research, new programs to distribute the research, provide better food storage and provide the population with more mobile phones. With these programs, the Mr. and Ms. Gates hope to remove barriers that have been impeding progress.

While it is too early to say whether the programs the Gates Foundation are putting in place will actually work, it is a step in the right direction. While the African economy is getting stronger, if the population continues to struggle with famine, the progress they have seen thus far will come to a standstill and could eventually begin to slide backward once more. Senol Taskin, a freelance financial writer, has been following the economy of Africa closely throughout his 20-year career and is not surprised by the unprecedented growth the African economy has witnessed in the last decade.

Advertisements

Comments are closed.