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 African Union to open new Headquarters in Ethiopia |
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Jan 28, 2012: The African Union will formally open its new headquarters today, in the Ethiopian capital, Addis Ababa. The new headquarters was funded by China as a gift to the African Union at a cost of $200m (£127m). Observers see the gift as China’s intent to cement its influence in Africa.
The first AU summit in the building will take place this weekend, with China's mo...
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| Gates Foundation to donate $750m to fight AIDS |
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Jan 27, 2012: The Bill and Melinda Gates Foundation will donate $750m (£479m) to a global fund Acquired Immune Deficiency Syndrome (AIDS), Tuberculosis and Malaria. "These are tough economic times, but that is no excuse for cutting aid to the world's poorest," said Microsoft founder Bill Gates at the World Economic Forum (WEF).
“By supporting the Global Fund, we ... |
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| Republican congressman takes up Buffett tax challenge |
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Jan 19, 2012: A Republican Congressman from Virginia, Scott Rigell is the first to respond to Warren Buffett’s dollar-for-dollar challenge to lawmakers for donations to reduce the ballooning US deficit.
Mr. Rigell expects to donate $26,100 this year, meaning Buffett will have to match that donation by as much as $49,000. "I appreciate and gladly accept your gen... |
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| Dark side of giving: The rise of philanthro-capitalism |
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March 25, 2011: A few years ago, Paul Kagame, president of Rwanda, had a chance meeting with Som Pal, former member of the Planning Commission and earlier minister of state for agriculture, and was bowled over by his sage-like views on developmental issues. The president promptly invited Som Pal to his blighted country to suggest policy measures to get out of a developmental quagmire. Som Pa...
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| Bill Gates gave away world's richest man crown |
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March 10, 2011: Bill Gates didn't lose his title as the world's richest man last year, he gave it away by plowing billions into his charitable foundation, experts say.
Forbes will release its 2011 billionaires list on Wednesday and Gates, investor Warren Buffett and last year's richest man, Mexican tycoon Carlos Slim, will almost certainly be in the top three. The trio have topped the li...
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| Bill Gates donates U$120 million for polio fight |
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Feb 1, 2011: Bill Gates has donated a sizeable chunk of his money to polio research. On the weekend in Switzerland, as a gesture at the World Economic Summit, Gates in partnership with the United Kingdom donated around $120 million dollars to fight the disease.
The UK Prime Minister, David Cameron, said in a statement after the announcement of the grant: "I passionately believe that... |
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