Bill Gates Makes Bold Bet About Poverty, And Tech Plays A Big Role

Technological advances will drastically change life in the developing world by 2030.

Bill Gates is betting on it.

In the 2015 Gates Annual Letter, published by the Bill & Melinda Gates Foundation, the philanthropist predicts that “the lives of people in poor countries will improve faster in the next 15 years than at any other time in history.” And according to Gates, innovation will play a vital role.

“We’re putting our time, resources and credibility behind this bet, and asking others to join in,” Gates said in the video above, produced by the couple’s foundation.

Along with dramatic improvements in global health and food production — particularly in Africa — Melinda Gates argues that an increase in access to mobile banking through cell phones will allow impoverished people “to save what they earn or borrow what they need cheaply.”

Mobile banking is already making significant impacts in developing countries. M-Pesa, a mobile money transfer initiative launched by Safaricom, is one of history’s biggest success stories in terms of empowering those on the lowest end of the economic ladder, The Christian Science Monitor claimed last year.

Sitoyo Lopokoiyit, Safaricom’s head —> Read More Here


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