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Bill Gates wants Norway’s $800 billion fund to spend more in Africa, Asia


By Balazs Koranyi OSLO (Reuters) – Philanthropist and Microsoft co-founder Bill Gates called on Norways $800 billion oil fund, one of the biggest investors in the world, to spend more in the poorest countries, gaining the prime ministers support with his proposal. Gates, who runs the $37 billion Bill and Melinda Gates Foundation, said Norway should set aside a portion of the fund to invest in infrastructure in sub-Saharan Africa and Asia, and buy equity in small enterprises that alleviate agricultural and medical problems. Norway is by many measures one of the richest countries in the world and you can afford to take some of that money and help out people in other places, Gates said on a visit to Oslo. Norway is working on a complete review of the fund, including its investment strategy.

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FRIDAY, MAY 07, 2021

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