At the same time the new breed of corporate philanthropists such as the Bill & Melinda Gates Foundation which has drawn contributions from fellow billionaire Warren Buffet are now disbursing several billion dollars a year for health and education projects sums that can exceed US and other bilateral aid...
Official aid flows to Africa are stagnating in real terms but there has been a rapid growth in 'vertical funds' financed by private philanthropists such as US software magnate Bill Gates investor guru Warren Buffet and former US President Bill Clinton's Foundation...
