Gates Foundation Donates US$500m to M-PESA
The Bill and Melinda Gates Foundation has committed US$500 million over five years to help the poor have easy access to financial services.
The initiative was unveiled by Melinda Gates, wife of Bill Gates, who is the founder and chief executive of Microsoft Corporation, during the Global Savings Forum held in Washington.
Gates praised Safaricom's M-PESA and cited the service as an example of how such services can help poor people.
"In Kenya, M-PESA is showing what storing and transferring money on mobile phones can do for poor people - not only in theory and pilot projects, but at an enormous scale," she told the gathering.
To read the article titled, “M-PESA to get millions from Bill Gates charity,” click here.
The initiative was unveiled by Melinda Gates, wife of Bill Gates, who is the founder and chief executive of Microsoft Corporation, during the Global Savings Forum held in Washington.
Gates praised Safaricom's M-PESA and cited the service as an example of how such services can help poor people.
"In Kenya, M-PESA is showing what storing and transferring money on mobile phones can do for poor people - not only in theory and pilot projects, but at an enormous scale," she told the gathering.
To read the article titled, “M-PESA to get millions from Bill Gates charity,” click here.
Source:
All Africa
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