According to an article published on Ventures Africa , as a new generation of wealthy businesspeople make different choices, turning their backs on the one-off donations of the past, so the face of African philanthropy is shifting.
Rising from the depths of the global financial crisis, Africa’s richest are faring well. Among them is a breed of “billionaire philanthropist” – men and women who want to give back to their communities like never before. Philanthropy is alive and well on the continent, with those who made fortunes through their own business pursuits donating millions of dollars to disaster relief, education and young entrepreneurs. Africa’s new super-rich are going beyond just shelling out money for causes: their philanthropic pursuits are aiming to change the way Africans live.
Image courtesy of Salvatore Vuono / FreeDigitalPhotos.net
This project has received funding from the European Union's Seventh Framework Programme for research, technological development and demonstration under grant agreement no 313203