The retirement of Bill Gates from Microsoft continues to reverberate through the business world, but it's in the nonprofit community that the real shock waves will be felt. The Bill & Melinda Gates Foundation has funded some of the most important and far-reaching aid and development initiatives ever seen. It has transformed the global health field from a poorly resourced cadre of experts to a networked, well-financed force for good. With today's tough challenges, Gates' move to full-time philanthropy is welcome news.
Micro-enterprise is a key to improving the standard of living and enhancing the quality of life for Africans today. If Bill Gates can do with these business opportunities what he did for Microsoft — and persuade others of the strength of this approach — the developing world may begin to flourish instead of simply developing.
[Excerpt of an article by Josh Ruxin, The Seattle Times]
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