Africa’s New Wave of Transformative Philanthropy

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This Foreign Investment Network special edition examines the evolution of philanthropy in Africa—highlighting how deep-rooted, informal traditions of giving are increasingly being complemented by structured, impact-driven foundations. While Africa was absent from the EdelGive Hurun list of the world’s top philanthropists of the last century, the magazine argues that generosity on the continent has long thrived through community support, faith-based action, and diaspora remittances that often exceed international aid.

A major feature spotlights Bishop Paul Adefarasin, founder of House on the Rock and The Rock Foundation, whose guiding belief that “the most effective gospel is the gospel of care” has translated into sustained investments in education, healthcare, prison reform, and social justice. His work underscores the role of faith leaders and private citizens in addressing gaps left by governance and inequality

The magazine broadens the lens to profile Africa’s emerging formal philanthropists—such as Aliko Dangote, Tony Elumelu, Patrice Motsepe, Strive Masiyiwa, and others—while placing their efforts in global context alongside figures like Tata, Gates, and Wellcome. It draws on insights from the EdelGive Hurun Report to explore trends, motivations, and the future of global wealth redistribution

Also featured are in-depth pieces on The Experience Lagos—one of the world’s largest gospel concerts and its economic impact—the $100 million T.D. Jakes Foundation initiative, and a reflective review of Andrew Carnegie’s Gospel of Wealth, connecting classic philanthropic thought to modern African realities.

Together, this edition presents a compelling case for Africa’s rising influence in global philanthropy—rooted in culture, energized by leadership, and focused on long-term social transformation.

👉 Download the full magazine here

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