Saturday, April 19, 2014

African philanthropy on the rise

Sustained economic growth in Africa, accompanied by the economic downturn in the West, has contributed to the “rapid emergence of structured forms of strategic philanthropy by wealthy Africans”, notes the report. Although economic growth has seen a deepening divide between rich and poor, it has also spawned a rising middle class, which the report estimates could make a further $22 billion available in combined philanthropic giving.

IRIN Global | African philanthropy on the rise | Global | Aid Policy | Economy | Governance:

'via Blog this'

No comments: