The Presidential Daily Brief


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    African Philanthropy Is Taking Off

    Charity begins at home. As the continent grows economically — the number of Africans with at least $1 million in assets has ballooned 145 percent since 2000 — so does its pool of philanthropists. These millionaire soccer players and oil tycoons have a deep understanding of the places they’re investing in and have their beneficiaries’ trust. They’re looking away from “Band-Aid” solutions and focusing on root causes to problems — and while international charities aren’t about to pack up, many may start partnering with homegrown efforts to get the job done.

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